Chesterton Tribune



Steel imports down in June

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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.

In the 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.

Annualized total 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.

Finished steel 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).

Major products 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).


Posted 7/26/2018






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