Chesterton Tribune

 

 

Steel import applications down in September up for year

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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.

Import permit 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 year-ago period.

The estimated finished steel import market share in September was 26 percent and is 27 percent in the year-to-date.

Finished steel 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).

Products with 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).

 

 

Posted 10/5/2017

 
 
 
 

 

 

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