Chesterton Tribune



Foreign steel imports drop in February

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The American Iron and Steel Institute is reporting that the U.S. imported a total of 2,433,000 net tons (NT) of steel in February, including 1,744,000 NT of finished steel, down 30.1 percent and 28.8 percent respectively from January.

Through the first two months of 2019, total and finished steel imports were 5,912,000 and 4,194,000 NT), up 10.2 percent and down 3.6 percent respectively over the year-ago period.

Finished steel import market share was an estimated 20 in February and is estimated at 22 over the first two months of 2019.

Major products with significant year-over-year increases include reinforcing bars (up 73 percent); line pipe (up 58 percent); and cut lengths plates (up 18 percent).

In February, the largest volumes of finished steel imports from offshore were from South Korea (187,000 NT, down 48 percent from January final); Japan (124,000 NT, up 17 percent); Germany (81,000 NT, down 40 percent); Italy (75,000 NT, up 8 percent); and Taiwan (72,000 NT, down 28 percent).

For the first two months of 2019, the largest offshore suppliers were South Korea (548,000 NT, down 13 percent from the year-ago); Japan (230,000 NT, down 4 percent); Germany (215,000 NT, no change); Taiwan (173,000 NT, down 12 percent); and Brazil (151,000 NT, down 1 percent).


Posted 4/18/2019




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