Aug. 7, 2014
Steel Imports Up Sharply in First Half
For the first six months of 2014, total U.S. steel imports hit 20.9 million net tons, a 33 percent increase from first-half 2013, while finished steel imports totaled 15.6 million net tons, up 26 percent. Imports' share of the U.S. finished steel market is around 27 percent, year to date, according to Commerce Department data.
Steel import permit applications for June totaled 3.4 million net tons, a 14 percent decrease from May preliminary imports. Import permit tonnage for finished steel in June totaled 2.8 million tons, down 6 percent from May imports.
Products with significant year-to-date increases in imports included wire rods, up 103 percent; plates in coils, up 67 percent; cold-rolled sheets, up 66 percent; sheets and strip hot-dipped galvanized, up 50 percent; sheets and strip all other metallic coatings, up 49 percent; hot-rolled sheets, up 43 percent; cut lengths plates, up 37 percent; mechanical tubing, up 35 percent; oil country goods, up 30 percent; heavy structural shapes, up 25 percent; structural pipe and tubing, up 21 percent; and reinforcing bar, up 16 percent.
Through the first six months, the largest offshore suppliers to the U.S. were South Korea at 2.6 million net tons, up 51 percent from the same period in 2013; China at 1.5 million tons, up 69 percent; and Turkey at 1.0 million tons, up 36 percent.