The American Iron
and Steel Institute is reporting that steel import permit applications in
November totaled 2,544,000 net tons (NT), a 15.4-percent decrease from the
3,007,000 permit tons recorded in October and a 22.1-percent decrease from
the October preliminary imports total of 3,264,000 NT.
tonnage for finished steel in November was 1,920,000, down 3.6 percent from
the preliminary imports total of 1,991,000 in October.
For the first 11
months of 2018 (including November SIMA permits and October preliminary
data), total and finished steel imports were 31,979,000 NT and 24,002,000
NT, down 10.4 percent and 13.3 percent respectively from the year-ago
finished steel import market share in November was 20 percent and is 23
percent in the year-to-date.
imports with large month-over-month increases in November permits included
electrolytic galvanized sheets and strip (up 224 percent); wire rods (up 86
percent); heavy structural shapes (up 62 percent); tin free steel (up 34
percent); mechanical tubing (up 14 percent); and sheets and strip all other
metallic coatings (up 14 percent).
significant year-to-date increases included hot rolled sheets (up 21
percent) and plates in coils (up 15 percent).
In November, the
largest finished steel import permit applications for offshore countries
were for South Korea (182,000 NT, down 1 percent from October preliminary);
Japan (142,000 NT, up 35 percent); Germany (123,000 NT, up 8 percent);
Vietnam (115,000 NT, no change); and Taiwan (92,000 NT, up 36 percent).
Through the first
11 months of 2018, the largest offshore suppliers were South Korea
(2,660,000 NT, down 25 percent from the same period last year); Japan
(1,311,000 NT, down 8 percent); and Germany (1,222,000 NT, down 8 percent).