The American Iron
and Steel Institute is reporting that the U.S. imported a total of 2,385,000
net tons (NT) of steel in November 2018, including 1,921,000 net tons (NT)
of finished steel (down 27.2 percent and 4.1 percent respectively from
Through the first
11 months of 2018, total and finished steel imports were 31,834,000 and
24,016,000 net tons (NT), down 10.8 percent and 13.2 percent respectively
from the year-ago period.
and finished steel imports in 2018 would be 34.7 and 26.2 million NT, down
8.9 percent and 11.4 percent respectively from 2017.
import market share was an estimated 21 percent in November and is estimated
at 23 percent over the first 11 months of 2018.\
Key finished steel
products with a significant month-over-month increase in November were heavy
structural shapes (up 67 percent); wire rods (up 57 percent); sheets and
strip all other metallic coatings (up 24 percent); and mechanical tubing (up
Major products with
significant year-over-year include hot rolled sheets (up 22 percent); and
plates in coils (up 16 percent).
In November the
largest volumes of finished steel imports from offshore were from South
Korea (195,000 NT, up 6 percent from October); Germany (125,000 NT, up 10
percent); Vietnam (121,000 NT, up 5 percent); Japan (115,000 NT, up 8
percent); and Taiwan (100,000 NT, up 40 percent).
For the first 11
months of 2018, the largest offshore suppliers were South Korea (2,674,000
NT, down 25 percent from the year-ago); Japan (1,286,000 NT, down 10
percent); Germany (1,225,000 NT, down 6 percent); Turkey (1,100,000 NT, down
48 percent); and Taiwan (1,016,000 NT, down 16 percent).