June 7, 2017

Steel Imports Jump in First Four Months

The U.S. imported 3.3 million net tons of steel in April, down 3.1 percent from March, including 2.5 million tons of finished steel, a 1.7 percent decline, based on preliminary Census Bureau data, reports the American Iron and Steel Institute in Washington. For the first four months of 2017, total steel imports increased 22.6 percent to 12.3 million tons, while finished steel imports jumped 11.5 percent to 9.4 million tons. AISI estimates imports’ share of the finished steel market at 26 percent for the year.

Key finished steel products that saw a significant increase in imports in April include: oil country goods, up 30 percent; heavy structural shapes, up 23 percent; sheets and strip hot-dipped galvanized, up 23 percent; hot-rolled bars, up 20 percent; sheets and strip all other metallic coatings, up 15 percent; and mechanical tubing, up 14 percent.

For the year to date, imports of oil country goods jumped 210 percent; cold-rolled sheets rose 40 percent; sheets and strip all other metallic coatings increased 39 percent; and mechanical tubing and standard pipe imports rose 28 percent.

In the first four months, the largest offshore suppliers of steel were South Korea at 1.2 million net tons, down 2 percent; Turkey at 984,000 tons, up 16 percent; Japan at 517,000 tons, down 13 percent; Taiwan at 424,000 tons, up 90 percent; and Germany at 339,000 tons, down 6 percent.


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Tuesday, December 12, 2017