Aug. 31, 2016

Steel Imports Down 25 Percent in 2016

Steel imports into the United States are down sharply this year, according to Census Bureau data. In the first seven months of 2016, steel imports totaled nearly 18.9 million tons, including 15.2 million tons of finished steel—both down about 25 percent compared with the same period in 2015. As of July, finished steel imports still held an estimated market share of 26 percent, reports the American Iron and Steel Institute in Washington.

Steel imports increased in July, as the U.S. imported nearly 3.2 million net tons of steel, including 2.4 million tons of finished steel. Total steel imports increased by 12.4 percent, and finished steel imports were up by 6.5 percent for the month, compared with June.

Key finished steel products that saw significant increases in July imports, compared with June, included: hot-rolled sheets, up 48 percent; reinforcing bars, up 32 percent; oil country goods, up 26 percent; cut-lengths plate, up 25 percent; plates in coil, up 18 percent; and line pipe, up 10 percent.

For the first seven months of 2016, the largest offshore suppliers of steel to the U.S. were: South Korea at 2.4 million tons, down 30 percent; Turkey at 1.5 million tons, down 20 percent; Japan at 1.1 million tons, down 25 percent; Germany at 700,000 tons, down 28 percent; and Brazil at 549,000 tons, down 30 percent.


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Tuesday, October 17, 2017