The American Iron
and Steel Institute is reporting that steel import permit applications for
March totaled 3,480,000 net tons (NT), a 41.6-percent increase over February
and a 47.3-increase over the February preliminary imports total.
tonnage for finished steel in March was 2,540,000, up 32.1 percent over
For the first three
months of 2018, total and finished steel imports were 8,725,000 NT and
6,797,000 NT, down 2.6 percent and 2.2 percent respectively from the
finished steel import market share in March was 26 percent and is 25 percent
in the year-to-date.
imports with large month-over-month increases in March included reinforcing
bars (up 338 percent); standard rails (up 107 percent); plates in coils (up
56 percent); standard pipe (up 45 percent); oil country goods (up 42
percent); cold rolled sheets (up 41 percent); mechanical tubing (up 39
percent); sheets and strip galvanized hot dipped (up 35 percent); hot rolled
sheets (up 33 percent); structural pipe and tubing (up 26 percent); and line
pipe (up 11 percent).
significant year-over-year increases included oil country goods (up 44
percent); hot rolled sheets (up 31 percent); plates in coils (up 29
percent); mechanical tubing (up 26 percent); hot rolled bars (up 16
percent); and line pipe (up 11 percent).
In March, the
largest finished steel import permit applications for offshore countries
were for South Korea (361,000 NT, up 31 percent over February); Turkey
(186,000 NT, up 233 percent); Japan (149,000 NT, up 67 percent); Russia
(92,000 NT, up 135 percent); and Taiwan (88,000 NT, up 18 percent).
Through the first
three months of 2018, the largest offshore suppliers were South Korea
(978,000 NT, up 10 percent over the year-ago); Japan (382,000 NT, no
change); and Turkey (381,000 NT, down 52 percent).