March 29, 2017
 
February Steel Imports Down 4.6 Percent

The U.S. imported 2.7 million tons of steel in February, including 2.0 million tons of finished steel, reports the American Iron and steel Institute in Washington, based on Census Bureau data. Net steel imports declined 4.6 percent and finished steel imports dropped 12.3 percent from January.

For the year to date, total steel imports of 5.5 million tons increased 11.7 percent from 2016, while finished steel imports improved 1.1 percent to 4.4 million tons. The import market share was estimated at 25 percent for February and the year to date.

Major products with significant year-to-date import increases compared with 2016 include oil country goods, up 87 percent; sheets and strip all other metallic coatings, up 60 percent; and cold-rolled sheets, up 40 percent.

In February, the largest volumes of finished steel imports came from South Korea at 260,000 net tons, down 17 percent from January; Turkey at 196,000 tons, down 36 percent; Taiwan at 103,000 tons, down 7 percent; Japan at 100,000 tons, down 32 percent; and Vietnam at 71,000 tons, down 35 percent.

For the first two months of 2017, the largest offshore suppliers were South Korea at 572,000 tons, down 8 percent; Turkey at 503,000 tons, up 11 percent; Japan at 245,000 tons, down 19 percent; Taiwan at 214,000 tons, up 107 percent; and Vietnam at 179,000 tons, up 29 percent.

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Wednesday, October 18, 2017