Steel imports up 19% year-to-date through October
Tuesday, Nov 28, 2017
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 3,119,000 net tons (NT) of steel in October 2017, including 2,493,000 net tons (NT) of finished steel (unchanged and down 0.4%, respectively, vs. September final data).  Year-to-date (YTD) through ten months of 2017, total and finished steel imports are 32,850,000 and 25,449,000 NT, up 19.4% and 15.4% respectively, vs. the same period in 2016.  Annualized total and finished steel imports in 2017 would be 39.4 and 30.5 million NT, up 19.4% and 16.0% respectively, vs. 2016.   Finished steel import market share was an estimated 27% in October and is estimated at 28% YTD.

Key finished steel products with significant import increases in October compared to September include wire rods (up 32%), cut lengths plates (up 27%), plates in coils (up 23%) and standard pipe (up 10%).  Major products with significant YTD increases vs. the same period in 2016 include oil country goods (up 231%), line pipe (up 68%), standard pipe (up 44%), mechanical tubing (up 34%), cold rolled (up 26%), sheets and strip all other metallic coatings (up 25%), hot rolled bars (up 21%) and sheets and strip hot dipped galvanized (up 17%).

In October, the largest volumes of finished steel imports from offshore were from South Korea (372,000 NT, up 14% from September final), Germany (156,000 NT, up 2%), Taiwan (122,000 NT, up 2%), Turkey (112,000 NT, down 7%) and Brazil (89,000 NT, down 19%).  For the first ten months of 2017, the largest offshore suppliers were South Korea (3,328,000 NT, up 2% vs. the same period in 2016), Turkey (2,065,000 NT, down 1%), Japan (1,307,000 NT, down 17%), Germany (1,160,000 NT, up 14%) and Taiwan (1,148,000 NT, up 35%). Below are charts on estimated steel import market share in recent months and on finished steel imports from offshore by country.

AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 19 member companies, including integrated and electric furnace steelmakers, and approximately 120 associate members who are suppliers to or customers of the steel industry.

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