Jan. 4, 2017
Steel Imports Down 16.8 Percent
U.S. steel imports through November totaled 30.3 million tons, 16.8 percent behind 2015. Finished steel imports declined 17.9 percent to 24.2 million tons, according to Census Bureau data. Imports’ share of the finished steel market for the year to date were approximately 25 percent.
Steel imports in November increased compared with October. Total imports hit 2.8 million tons, up 3.3 percent, while finished steel imports increased 5.5 percent to 2.1 million tons.
Finished steel products that saw the biggest increases in imports in November versus the prior month include structural pipe and tubing, up 29 percent; plates in coils, up 26 percent; cold-rolled sheets, up 23 percent; and rebar, up 17 percent.
In November, the largest volumes of finished steel imports from offshore came from South Korea at 272,000 tons, down 2 percent from October; Turkey at 183,000 tons, down 18 percent; Vietnam at 120,000 tons, up 8 percent; Japan at 100,000 tons, down 32 percent; and Germany at 87,000 tons, up 11 percent.
For the year to date, South Korea was the leading offshore supplier at 3.5 million tons, down 23 percent; followed by Turkey at 2.6 million tons, down 14 percent; Japan at 1.7 million tons, down 20 percent; Germany at 1.1 million tons, down 21 percent; and Taiwan at 936,000 tons, down 19 percent.