Association News

Finished Steel Imports Decline in September

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The U.S. imported 2.2 million net tons of steel in October, including 1.5 million tons of finished product, reports the American Iron and Steel Institute, Washington. Net imports were up 14.5 percent compared with September, while finished imports fell 3.5 percent.

Through the first 10 months of 2019, net imports totaled 24.8 million pounds, down 15.9 percent, while finished steel imports were down 17 percent to 18.3 million tons.

Finished steel import market share was an estimated 17 percent in October and is estimated at 20 percent over the first 10 months.

Key finished steel products with a significant import increase in October compared with September included wire rods, up 24 percent, and plates in coils, sheets and strip hot-dipped galvanized; and mechanical tubing, all up 13 percent.

In October, the largest volumes of finished steel imports from offshore were from South Korea at 170,000 tons, up 8 percent from September; followed by Germany at 79,000 tons, up 22 percent; Japan at 74,000 tons, up 4 percent; Brazil at 59,000 tons, up 54 percent; and Taiwan at 39,000 tons, down 37 percent.

For the year to date, South Korea was the largest offshore supplier at 2.2 million tons, down 11 percent; followed by Japan at 1 million tons, down 7 percent; Germany at 910,000 tons, down 17 percent; Taiwan at 768,000 tons, down 16 percent; and Vietnam at 622,000 tons, down 30 percent.