Chesterton Tribune

 

 

Steel import applications up 17.9 percent in 2017

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The American Iron and Steel Institute is reporting that steel import permit applications for November totaled 2,850,000 net tons (NT), a 10.5-percent decrease from the October final imports total.

Import permit tonnage for finished steel in November was 2,207,000, down 13.6 percent from the October final imports total.

In the year-to-date, however, total and finished steel imports were 35,764,000 NT and 27,718,000 NT, an increase of 17.9 percent and 14.6 percent respectively over the first 11 months of 2016.

The estimated finished steel import market share in November was 25 percent and is 27 percent in the year-to-date.

Finished steel imports with large month-over-month increases in November included standard rails (up 1,698 percent); hot rolled bars (up 13 percent); and tin plate (up 12 percent).

Products with significant year-over-year increases include oil country goods (up 226 percent); line pipe (up 69 percent); standard pipe (up 41 percent); mechanical tubing (up 31 percent); hot rolled bars (up 26 percent); structural pipe and tubing (up 22 percent); sheets and strip all other metallic coatings (up 22 percent); cold rolled sheets (up 18 percent); and sheets and strip hot dipped galvanized (up 15 percent).

In November, the largest finished steel import permit applications for offshore countries were for South Korea (216,000 NT, down 45 percent); Germany (171,000 NT, up 9 percent); Japan (110,000 NT, up 52 percent); the Netherlands (101,000 NT, up 105 percent; and Brazil (92,000 NT, down 2 percent).

In the year-to-date, the largest offshore suppliers were South Korea (3,563,000 NT, up 0.6 percent); Turkey (2,142,000 NT, down 5 percent); and Japan (1,417,000 NT, down 29 percent).

 

Posted 12/7/2017

 
 
 
 

 

 

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