Chesterton Tribune

 

 

Steel import applications spike in July by 8 percent

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The American Iron and Steel Institute is reporting that steel import permit applications for the month of July totaled 3,202,000 net tons (NT), an 8.4-percent increase over permit tons recorded in June and a 28.4-percent increase over final imports in June.

Import permit tonnage for finished steel in July was 2,291,000, up 23.5 percent from the final imports total in June.

For the first seven months of 2018, total and finished steel imports were 21,086,000 NT and 16,302,000 NT, down 9.2 percent and 9.3 percent respectively from the year-ago period.

The estimated finished steel import market share in July was 24 percent; 25 percent year-to-date.

Finished steel imports with large month-over-month increases in July included reinforcing bars (up 228 percent), heavy structural shapes (up 180 percent); tin plate (up 54 percent); hot rolled sheets (up 42 percent); line pipe (up 33 percent); cut lengths plates (up 27 percent); oil country goods (up 23 percent); cold rolled sheets (up 23 percent); plates in coils (up 20 percent); mechanical tubing (up 19 percent); sheets and strip all other metallic coatings (up 17 percent); hot rolled bars (up 11 percent); and wire rods (up 11 percent).

Products with significant year-over-year included plates in coils (up 19 percent); hot rolled sheets (up 19 percent); and line pipe (up 11 percent).

In July, the largest finished steel import permit applications for offshore countries were for South Korea (194,000 NT, down 8 percent from June final); Japan (134,000 NT, up 4 percent); Vietnam (117,000 NT, down 5 percent); Italy (114,000 NT, up 243 percent); and Germany (100,000 NT, down 10 percent). Through the first seven months of 2018, the largest offshore suppliers were South Korea (1,937,000 NT, down 15 percent from the year-ago); Japan (875,000 NT, down 7 percent); and Germany (761,000 NT, up 1%).

 

Posted 8/9/2018

 
 
 
 

 

 

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