Association News

Steel Imports Increase in First Half

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The U.S. imported 2.9 million net tons of steel in June, including 2 million tons of finished steel, the American Iron and Steel Institute reported. Total imports were up 14.8 percent and finished steel imports climbed 8.7 percent compared with May.

Through the first half, steel imports totaled 14.7 million tons, an 18.5 percent increase, while finished steel imports increased 15.6 percent to 10 million tons. Finished steel import share was 21 percent in June and 19 percent for the first half.

Key finished steel products with a significant increase in imports in June compared to May are hot-rolled sheets, up 48 percent; heavy structural shapes, up 38 percent; oil country goods, up 35 percent; and line pipe, up 30 percent. For the year to date, hot-rolled sheets imports were up 63 percent, plates in coils were up 41 percent and cut-length plates were up 35 percent.

In June, the largest volumes of finished steel imports from offshore were from South Korea at 274,000 tons, up 45 percent; Japan at 117,000 tons, up 22 percent; Turkey at 98,000 tons, up 46 percent; and Germany at 95,000 tons, down 2 percent. The leading suppliers for the first six months were South Korea at 1.3 million tons, up 18 percent; Japan at 521,000 tons, up 20 percent; Turkey at 429,000 tons, up 33 percent; and Germany at 95,000 tons, up 9 percent.