Jan. 6, 2016

Steel Imports Decline in November

The U.S. imported 2.4 million tons of steel in November, a decline of 22.7 percent from October, reports the U.S. Census Bureau and the American Iron and Steel Institute in Washington. Finished steel imports totaled 1.9 million tons, down 15.6 percent from the prior month.

For the year to date through 11 months, total steel imports of 36.3 million tons were down 11 percent, while finished steel imports declined 5 percent to 29.4 million tons. Finished steel import market share was estimated at 25 percent in November and 29 percent for the full year.

Key finished steel products with a significant import increase in November compared to October included cut length plates, up 42 percent, and oil country goods, up 12 percent. For the full year, the biggest increases were in rebar, up 39 percent; standard pipe, up 18 percent; and line pipe, up 17 percent.

In November, the largest volumes of finished steel imports from offshore came from South Korea at 298,000 tons, down 18 percent from October; Japan at 164,000 tons, up 20 percent; Turkey at 147,000 tons, down 50 percent; Brazil at 125,000 tons, down 13 percent; and Germany at 86,000 tons, down 8 percent.

For the year to date, the largest offshore suppliers were South Korea at 4.6 million tons, down 9 percent; Turkey at 2.6 million tons, up 29 percent; China at 2.3 million tons, down 25 percent; Japan at 2.1 million tons, up 10 percent; and Germany at 1.4 million tons, up 25 percent.
 

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Monday, October 23, 2017