Chesterton Tribune

 

 

Report: Foreign steel imports spike in July

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The American Iron and Steel Institute is reporting that steel import permit applications for the July totaled 3,574,000 net tons (NT), a 31-percent increase over June and a 75.1-percent increase over June final imports.

Import permit tonnage for finished steel in July was 1,882,000, up 8.9 percent from the final imports total in June.

For the first seven months of 2019 (including July SIMA permits and June final imports), total and finished steel imports were 19,213,000 NT and 13,575,000 NT, down 8 percent and 16.2 percent respectively from the year-ago period.

Note that import permits data are counts of tonnages requested in applications for licenses to import steel mill products and are not actual import volumes. For a number of reasons, permit tonnages may understate or overstate actual import volumes for the month, preliminary estimates of which will be available later this month.

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

Finished steel imports with large month-over-month increases in July included cut lengths plate (up 56 percent); line pipe (up 33 percent); plates in coils (up 28 percent); hot rolled bars (up 25 percent); sheets and strip hot dipped galvanized (up 22 percent); hot rolled sheets (up 18 percent); mechanical tubing (15 percent); heavy structural shapes (up 14 percent); wire rods (up 14 percent); and standard pipe (up 13 percent).

Products with significant year-over-year increases included black plate (up 64 percent); steel piling (up 43 percent); and tin free steel (up 19 percent).

In July, the largest finished steel import permit applications for offshore countries were for South Korea (202,000 NT, up 24 percent from June final); Japan (96,000 NT, down 15 percent); Taiwan (81,000 NT, down 6 percent); Germany (78,000 NT, down 22 percent); and Brazil (75,000 NT, up 391 percent).

Through the first seven months of 2019, the largest offshore suppliers were South Korea (1,652,000 NT, down 15 percent from the same period last year); Japan (819,000 NT, down 6 percent); and Germany (694,000 NT, down 8 percent).

 

Posted 8/9/2019

 
 
 
 

 

 

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