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Foreign steel imports increase by 5 percent in March

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The American Iron and Steel Institute is reporting that steel import permit applications in March totaled 2,677,000 net tons (NT), a 5-percent increase over February.

Import permit tonnage for finished steel in March was 1,825,000, up 3.6 percent from the SIMA permits total in February.

For the first three months of 2019, total and finished steel imports were 8,704,000 NT and 6,038,000 NT, up 0.1 percent and down 11.7 percent respectively over the year-ago period.

The estimated finished steel import market share in March was 19 percent and is 21 percent in the year-to-date.

Finished steel imports with large month-over-month increases in March included black plate (up 187 percent); reinforcing bars (up 154 percent); heavy structural shapes (up 118 percent); steel piling (up 117 percent); structural pipe and tubing (up 29 percent); cold rolled sheets (up 18 percent); hot rolled bars (up 16 percent); sheets and strip all other metallic coatings (up 13 percent), and plates in coils (up 13 percent).

Products with significant year-to date increases include black plate (up 60 percent), line pipe (up 41 percent); steel piling (up 30 percent); and tin free steel (up 19 percent).

In March, the largest finished steel import permit applications for offshore countries were for South Korea (185,000 NT, down 7 percent from February permits); Japan (113,000 NT, down 13 percent); Germany (103,000 NT, up 25 percent); Taiwan (103,000 NT, up 49 percent); and Vietnam (81,000 NT, up 42 percent).

Through the first three months of 2019, the largest offshore suppliers were South Korea (746,000 NT, down 21 percent from the same period last year); Japan (349,000 NT, down 11 percent); and Germany (320,000 NT, up 11 percent).

The American Iron and Steel Institute is reporting that steel import permit applications in March totaled 2,677,000 net tons (NT), a 5-percent increase over February.

Import permit tonnage for finished steel in March was 1,825,000, up 3.6 percent from the SIMA permits total in February.

For the first three months of 2019, total and finished steel imports were 8,704,000 NT and 6,038,000 NT, up 0.1 percent and down 11.7 percent respectively over the year-ago period.

The estimated finished steel import market share in March was 19 percent and is 21 percent in the year-to-date.

Finished steel imports with large month-over-month increases in March included black plate (up 187 percent); reinforcing bars (up 154 percent); heavy structural shapes (up 118 percent); steel piling (up 117 percent); structural pipe and tubing (up 29 percent); cold rolled sheets (up 18 percent); hot rolled bars (up 16 percent); sheets and strip all other metallic coatings (up 13 percent), and plates in coils (up 13 percent).

Products with significant year-to date increases include black plate (up 60 percent), line pipe (up 41 percent); steel piling (up 30 percent); and tin free steel (up 19 percent).

In March, the largest finished steel import permit applications for offshore countries were for South Korea (185,000 NT, down 7 percent from February permits); Japan (113,000 NT, down 13 percent); Germany (103,000 NT, up 25 percent); Taiwan (103,000 NT, up 49 percent); and Vietnam (81,000 NT, up 42 percent).

Through the first three months of 2019, the largest offshore suppliers were South Korea (746,000 NT, down 21 percent from the same period last year); Japan (349,000 NT, down 11 percent); and Germany (320,000 NT, up 11 percent).

 

 

 

 

Posted 4/4/2019

 

 
 
 
 

 

 

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