The American Iron
and Steel Institute is reporting that the U.S. imported a total of 2,480,000
net tons (NT) of steel in June, including 1,843,000 net tons (NT) of
finished steel, down 15.5 percent and 24.6 percent respectively from May.
year-to-date--through June--total and finished steel imports were 17,869,000
and 13,999,000 net tons (NT), down 9.3 percent and 7.1 percent respectively
from the year-ago period.
and finished steel imports in 2018 would be 35.7 and 28.0 million NT, down
6.3 percent and 5.3 percent respectively from 2017.
import market share was an estimated 22 percent in June and is estimated at
25 percent in the year-to-date.
One product showing
significant month-over-month changes in June was sheets and strip all other
metallic coatings (up 11 percent).
showing significant year-over-year changes were hot rolled sheets (up 24
percent); plates in coils (up 21 percent); line pipe (up 14 percent); and
mechanical tubing (up 11 percent).
In June, the
largest volumes of finished steel imports from offshore were from South
Korea (208,000 NT, up 89 percent from May); Japan (129,000 NT, up 7
percent); Vietnam (120,000 NT, up 61 percent); Germany (111,000 NT, down 21
percent); and Taiwan (93,000 NT, up 20 percent).
For the first six
months of 2018, the largest offshore suppliers were South Korea (1,740,000
NT, down 10 percent from the year-ago); Japan (741,000 NT, down 7 percent);
Germany (660,000 NT, up 10 percent); Turkey (647,000 NT, down 56 percent);
and Taiwan (560,000 NT, down 16 percent).