Jan. 3, 2018

U.S. Steel Imports Up 18% Through November

The U.S. imported a total of 2.7 million net tons of steel in November, down 14.6 percent from October, according to Census Bureau data analyzed by the American Iron and Steel Institute. Finished steel imports were down 16.8 percent for the month to 2.1 million tons.

Through November, total U.S. steel imports are up 17.5 percent year to date at 35.6 million tons, while finished steel imports of 27.6 million tons are up 14.3 percent on the year. If annualized, total and finished steel imports would be 38.9 million and 30.1 million tons, respectively.

Finished steel import market share was an estimated 25 percent in November and 27 percent year to date. So far this year, there have been significant import increases in several major product categories. Imports of oil country goods are up 223 percent year to date, while line pipe imports are up 69 percent, standard pipe imports are up 41 percent, mechanical tubing imports are up 31 percent, imports of hot-rolled bars are up 25 percent, sheets and strip all other metallic coatings are up 21 percent, cold-rolled sheet imports are up 18 percent, and imports of hot-dipped galvanized sheets and strip are up 15 percent.

In November, the largest volumes of finished steel imports from offshore were from South Korea at 210,000 net tons, down 47 percent from October; Germany at 141,000 net tons, down 10 percent; Japan at 115,000 net tons, up 59 percent; the Netherlands at 110,000 net tons, up 124 percent; and Brazil at 98,000 net tons, up 5 percent.

For the first 11 months of 2017, the leading offshore suppliers were South Korea at 3.6 million tons, up 0.4 percent; Turkey at 2.1 million tons, down 6 percent; Japan at 1.4 million tons, down 16 percent; Germany at 1.3 million tons, up 18 percent; and Taiwan at 1.2 million tons, up 29 percent.


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Wednesday, January 17, 2018