Chesterton Tribune

 

 

Steel import applications down 11 percent in April

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The American Iron and Steel Institute is reporting that steel import permit applications in May totaled 2,582,000 net tons (NT), a 10.8-percent decrease from April and a 21.9-percent decrease from the April preliminary imports total.

Import permit tonnage for finished steel in May was 1,809,000, down 10.1 percent from the preliminary imports total in April.

For the first five months of 2019 (including May SIMA permits and April preliminary imports), total and finished steel imports were 14,071,000 NT and 9,875,000 NT, down 8.6 percent and 18.8 percent respectively from the year-ago period.

The estimated finished steel import market share in May was 18 percent and is 21 percent in the year-to-date.

Finished steel imports with large month-over-month increases in May included sheets and strip all other metallic coatings (up 113 percent); heavy structural shapes (up 90 percent); reinforcing bars (up 69 percent); hot rolled bars (up 20 percent); standard pipe (up 12 percent); and tin plate (up 12 percent).

One product with a significant year-over-year increase was line pipe (up 11 percent).

In May, the largest finished steel import permit applications for offshore countries were for South Korea (296,000 NT, up 8 percent from April preliminary); Japan (123,000 NT, down 22 percent); Germany (77,000 NT, down 46 percent); Taiwan (76,000 NT, up 8 percent); and Vietnam (60,000 NT, down 24 percent).

Through the first five months of 2019, the largest offshore suppliers were South Korea (1,291,000 NT, down 16 percent from the year-ago); Japan (610,000 NT, no change); and Germany (530,000 NT, down 4 percent).

 

Posted 6/;6/2019

 

 
 
 
 

 

 

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