Chesterton Tribune

 

 

Foreign steel imports up 11 percent in April

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The American Iron and Steel Institute is reporting that steel import permit applications in April totaled 3,967,000 net tons (NT).

This was an 11.2-percent increase over March and a 19-percent increase over March final imports totals.

Import permit tonnage for finished steel in April was 2,923,000, up 17.6 percent over March.

In the year-to-date total and finished steel imports were 12,664,000 NT and 9,760,000 NT, up 2.9 percent and 3 percent respectively over the year-ago period.

The estimated finished steel import market share in April was 29 percent and is 26 percent in the year-to-date.

Finished steel imports with notable month-over-month increases in April included line pipe (up 75 percent); heavy structural shapes (up 68 percent); sheets and strip all other metallic coatings (up 65 percent); reinforcing bars (up 59 percent); tin plate (up 59 percent); hot rolled bars (up 40 percent); sheets and strip hot dipped galvanized (up 31 percent); and cut lengths plates (up 13 percent).

Products with significant year-over-year increases include plates in coils (up 42 percent); hot rolled sheets (up 42 percent); line pipe (up 28 percent); mechanical tubing (up 25 percent); oil country goods (up 23 percent); and hot rolled bars (up 13 percent).

In April, the largest finished steel import permit applications for offshore countries were for South Korea (434,000 NT, up 37 percent from March final); Turkey (201,000 NT, up 50 percent); Vietnam (131,000 NT, up 61 percent); Taiwan (127,000 NT, up 61 percent); and Germany (126,000 NT, up 71 percent).

Through the first four months of 2018, the largest offshore suppliers were South Korea (1,381,000 NT, up 14 percent from the same period last year); Turkey (531,000 NT, down 46 percent); and Japan (491,000 NT, down 6 percent).

 

Posted 5/11/2018

 
 
 
 

 

 

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