The American Iron
and Steel Institute is reporting that steel import permit applications for
September totaled 3,026,000 net tons (NT), a 15.7-percent decrease from the
3,591,000 permit tons recorded in August and a 9.6-percent decrease from the
August preliminary imports total of 3,349,000 NT.
tonnage for finished steel in September was 2,377,000, down 1.9 percent from
the preliminary imports total of 2,422,000 in August.
For the first nine
months of 2017, total and finished steel imports were 29,587,000 NT and
22,778,000 NT, up 19.3 percent and 15.1 percent respectively from the
finished steel import market share in September was 26 percent and is 27
percent in the year-to-date.
imports with large month-over-month increases in September included light
shapes bars (up 185 percent); standard rails (up 140 percent); hot rolled
bars (up 34 percent); oil country goods (up 21 percent); tin plate (up 16
percent); and line pipe (up 12 percent).
significant year-to date increases included oil country goods (up 254
percent); line pipe (up 55 percent); standard pipe (up 45 percent);
mechanical tubing (up 32 percent); cold rolled sheets (up 28 percent);
sheets and strip all other metallic coatings (up 27 percent); structural
pipe and tubing (up 22 percent); sheets and strip hot dipped galvanized (up
21 percent); and hot rolled bars (up 21 percent).
In September, the
largest finished steel import permit applications for offshore countries
were for South Korea (343,000 NT, down 2 percent from August); Japan
(158,000 NT, up 24 percent); Germany (139,000 NT, up 41 percent); Taiwan
(134,000 NT, up 11 percent); and Brazil (98,000 NT, up 21 percent).
Through the first
nine months of 2017, the largest offshore suppliers were South Korea
(2,963,000 NT, down 1 percent from the year-ago); Turkey (1,919,000 NT, up 4
percent); and Japan (1,224,000 NT, down 15 percent).