Chesterton Tribune



Steel imports down 10 percent in January

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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 December.

Finished steel 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).



Posted 2/27/2020




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