Metal Center News
Minimize

  
10-13-10 News
Minimize

Steel Imports Dip in August, But Up Over 50% for the Year

Imports of steel mill products declined in August compared to July by 11.2 percent, according to preliminary data released by the U.S. Department of Commerce and the American Institute for International Steel, McLean, Va. Total steel imports in August were 2.2 million tons, down from the 2.4 million tons in July, but up 121 percent from the same month in 2009.

The decline in month-on-month imports was led by a 21 percent decrease in imports of semifinished steel products from July to August, as some domestic mills reduced their purchases of overseas semifinished materials in advance of restarting their U.S. melt shops, says David Phelps, AIIS president.

"Total imports for the year-to-date period of 2010 compared to 2009 were up by 53.8 percent, reflecting improved market conditions over 2009. Tonnages remain at moderate levels, however, with the steel market's recovery spotty largely due to the weak and still declining nonresidential construction market.  This remains a significant negative on the overall health of the American steel market," says Phelps. 

The data show that imported semifinished products increased by 211.8 percent in August compared to the previous year. For the year-to-date period, semifinished imports increased from 823,000 tons in 2009 to 3,622,000 tons in 2010, a 340.1 percent jump.

  
From the Editor's Desk
Minimize
May 2014: Battling Misperceptions About Hiring Veterans
More...
 
Pause
Business Practices and Technologies
Minimize
May 2014: Economy's 'In a Really Good Place'
More...
The Cutting Edge, a service center technology supplement to Metal Center News
More...
Summer 2013
More...
 
Pause
New Products
Minimize
Trumpf Expands Range on TruMark 5000 Series
More...
Koike Aronson Debuts New Plasma Cutter
More...
Miyachi Unitek's Sigma XY
More...
New TMC is Messer's Largest Cutting Machine
More...
Laserdyne 795 XLZ Designed for 3D Parts
More...
Mazak's STX Champion Cuts Thick Sheets
More...
 
Pause
Directories
Minimize

 
Metal Distribution 2014  is your on-line guide to Metal Producers, Equipment Manufacturers and Software companies.
 



 
2014 Directory of Master Distributors
Not Published on This Web site
The Metal Center News Directory of Master Distributors—distributors who sell to other distributors—is an invaluable tool for service centers seeking new sources for special or hard-to-find products. Master distributors play an important role in the marketplace, giving service centers an alternative to buying in mill quantities and helping to remove redundant and excess inventories from the distribution channel.


Print copies are available for $85 U.S. for each copy.
Download Order Form.
 
2014 Directory of Toll Processors
Not Published on This Web site
Metal Center News'
annual toll processing directory is a simple-to-use resource to help companies locate service providers that can meet their specific processing needs.


Print copies are available for $85 U.S. for each copy. Download Order Form.
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Monday, July 28, 2014