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.
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).
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).