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.
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
finished steel import market share in July was 24 percent; 25 percent
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).
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%).