Chesterton Tribune



Steel imports down in December, up for year

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The American Iron and Steel Institute is reporting that steel import permit applications for December totaled 2,473,000 net tons (NT), a 13.6-percent decrease from November and a 10.5-percent decrease from the November final imports total.

Import permit tonnage for finished steel in December was 1,854,000 NT, down 14.6 percent from November final imports total.

For the full year 2017, however, total and finished steel imports were 38,149,000 NT and 29,534,000 NT, up 15.5 percent and 12.1 percent respectively over 2016.

The estimated finished steel import market share in December was 22 and is estimated at 27 for 2017.

Finished steel imports with large month-over-month increases in December included tool steel (up 52 percent); heavy structural shapes (up 42 percent); tin free steel (up 30 percent); and mechanical tubing (up 11 percent).

Products with significant year-over-year increase in 2017 were oil country goods (up 197 percent); line pipe (up 62 percent); standard pipe (up 39 percent); mechanical tubing (up 30 percent); hot rolled bars (up 23 percent); structural pipe and tubing (up 19 percent); cold rolled sheets (up 15 percent); sheets and strip all other metallic coatings (up 13 percent); and sheets and strip hot dipped galvanized (up 11 percent).

In December the largest finished steel import permit applications for offshore countries were for South Korea (179,000 NT, down 16 percent from November final); Brazil (99,000 NT, up 1 percent); Japan (86,000 NT, down 25 percent); Germany (84,000 NT, down 41 percent); and The Netherlands (61,000 NT, down 45 percent).

In 2017 the largest offshore suppliers were South Korea (3,740,000 NT, down 1.9 percent from 2016); Turkey (2,186,000 NT, down 9 percent from 2016); and Japan (1,509,000 NT, down 16 percent from 2016).



Posted 1/11/2018




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