Chesterton Tribune



Steel imports down in February

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The American Iron and Steel Institute is reporting that steel import permit applications for February totaled 2,428,000 net tons (NT), a 21.2-percent decrease from the 3,081,000 permit tons recorded in January and a 15.6-percent decrease from the January preliminary imports total of 2,875,000 NT.

Import permit tonnage for finished steel in February was 1,950,000, down 16.2 percent from the preliminary imports total of 2,327,000 in January.

For the first two months of 2018, total and finished steel imports were 5,303,000 NT and 4,277,000 NT, down 4.2 percent and 3.0 percent respectively from the year-ago period.

The estimated finished steel import market share in February was 24 percent and is 25 percent in the year-to-date.

Finished steel imports with notable month-over-month increases in February included heavy structural shapes (up 56 percent); wire rods (up 35 percent); and wire drawn (up 21 percent).

Products with significant increases over the year-ago period include oil country goods (up 58 percent); hot rolled bars (up 29 percent); hot rolled sheets (up 28 percent); line pipe (up 27 percent); wire drawn (up 15 percent); and plates in coils (up 13 percent).

In February the largest finished steel import permit applications for offshore countries were for South Korea (252,000 NT, down 26 percent from January); Germany (111,000 NT, up 23 percent); Japan (110,000 NT, down 22 percent); China (85,000 NT, up 18 percent); and Taiwan (68,000 NT, down 42 percent).

Through the first two months of 2018, the largest offshore suppliers included Japan (251,000 NT, up 2 percent); and Germany (201,000 NT, up 50 percent).


Posted 3/9/2018




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