Chesterton Tribune

 

 

Steel import applications up 42 percent in March

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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.

Import permit tonnage for finished steel in March was 2,540,000, up 32.1 percent over February.

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 year-ago period.

The estimated finished steel import market share in March was 26 percent and is 25 percent in the year-to-date.

Finished steel 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).

Products with 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).

 

Posted 4/5/18

 
 
 
 

 

 

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