Chesterton Tribune



Steel import applications down in February

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The American Iron and Steel Institute (AISI) is reporting that steel import permit applications for the month of February totaled 2,728,000 net tons (NT), a decrease of 7.6 percent from the permit tons recorded January and a 3 percent decrease in actual final imports.

Import permit tonnage for finished steel in February was down 10.7 percent from January. For the first two months of 2017, total and finished steel imports were up 12.6 percent and 1.9 percent, respectively, from the year-ago period. The estimated finished steel import market share in February was 25 percent and is 25 percent as well in the year-to-date (YTD).

Finished steel imports with large month-over-month increases in February included line pipe (up 61 percent) and wire rods (up 30 percent). Products with significant year-to-date increases include oil country goods (up 91 percent over the year-ago), cold rolled sheets (up 45 percent), sheets and strip hot dipped galvanized (up 30 percent), mechanical tubing (up 27 percent), standard pipe (up 19 percent) and tin plate (up 12 percent).

In February, the largest finished steel import permit applications for offshore countries were from South Korea (292,000 NT, down 6 percent from January final), Turkey (172,000 NT, down 44 percent), Japan (103,000 NT, down 30 percent), Taiwan (88,000 NT, down 21 percent) and India (68,000 NT, up 95 percent).

Through the first two months of 2017, the largest offshore suppliers were South Korea (604,000 NT, down 2 percent from the same period in 2016), Turkey (478,000 NT, up 6 percent) and Japan (248,000 NT, down 18 percent).



Posted 3/9/3017




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