The American Iron
and Steel Institute is reporting that the U.S. imported a total of 3,135,000
net tons (NT) of steel in January, including 1,633,000 NT of finished steel
(down 9.9 percent and 33 percent respectively from the year-ago period).
Total and finished
steel imports are up 97.7 percent and 20.4 percent respectively over
import market share was an estimated 17 percent in January.
Key finished steel
products with a significant month-over-month increase in January included
reinforcing bars (up 134 percent); sheet and strip all other metallic
coatings (up 126 percent); heavy structural shapes (up 98 percent); wire
rods (up 66 percent); sheets and strip galvanized hot dipped (up 56
percent); mechanical tubing (up 43 percent); wire drawn (up 33 percent); and
standard pipe (up 13 percent).
In January the
largest volumes of offshore finished steel imports were from South Korea
(182,000 NT, up 8 percent from December final); Brazil (88,000 NT, up 579
percent); Japan (76,000 NT, up 14 percent); Spain (55,000 NT, up 79
percent); and Turkey (51,000 NT, up 606 percent).