preliminary Census Bureau data, the American Iron and Steel Institute is
reporting that the U.S. imported a total of 3,349,000 net tons (NT) of steel
in August, down 4.8 percent from July.
included 2,422,000 NT of finished steel, down 16.8 percent from July.
year-to-date, total steel imports were up by 20.6 percent over the year-ago
and finished steel imports up 15.5 percent.
steel imports in 2017 would be 39.8 million NT, up 20.7 percent over 2016;
finished steel imports, would be 30.6 million NT, up 16.2 percent.
import market share was an estimated 26 percent in August and 28 percent in
Key finished steel
products with significant month-over-month import increases in August
include wire drawn (up 8 percent).
Major products with
significant year-over-year increases include oil country goods (up 250
percent); standard pipe (up 47 percent); line pipe (up 42 percent); sheets
and strip all other metallic coatings (up 33 percent); mechanical tubing (up
32 percent); cold rolled sheets (up 31 percent),; sheets and strip hot
dipped galvanized (up 25 percent); and hot rolled bars (up 19 percent).
In August, the
largest volumes of finished steel imports from offshore were from South
Korea (351,000 NT, up 3 percent from July); Japan (128,000 NT, down 7
percent); Taiwan (121,000 NT, up 1 percent); Turkey (101,000 NT, down 61
percent); and Germany (99,000 NT, down 33 percent).
For the first eight
months of 2017, the largest offshore suppliers were South Korea (2,620,000
NT, down 3 percent from the year-ago); Turkey (1,827,000 NT, up 8 percent);
Japan (1,065,000 NT, down 17 percent); Taiwan (906,000 NT, up 39 percent);
and Germany (849,000 NT, up 2 percent).