Chesterton Tribune



Steel import market share is 25 percent year-to-date imports down 5 percent in February

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Steel imports through February are down 5.3% compared to the same period in 2017.

In February, the United States imported 2.3 million tons of steel, just under 2 million of which was finished steel, according to the American Iron and Steel Institute (AISI).

In the first two months of 2018, total imports were 5.2 million--down 5.3% from the same period in 2017.

4.2 million of the total imports were finished products, which is down 3.5% from the same period in 2017.

Significant increases on finished products from January to February were imports of heavy structural shapes, up 60% and wire rods, up 37%. Imports of oil country goods were up 57% from the same period last year. Also up from 2017 were hot rolled sheets, up 33%, line pipe, up 30%, hot rolled bars, up 27%, mechanical tubing, up 17%, and plates in coils, up 16%.

Most imports of finished steel products from outside of NAFTA in February have come from South Korea, Germany, Japan, Taiwan, and China. For the first two months of 2018, the largest offshore suppliers were South Korea, Japan, Germany, Turkey, and Taiwan.

The market share for imports of finished steel was an estimated 24% in February and is estimated at 25% year-to-date.



Posted 3/26/2018




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