Chesterton Tribune



Steel imports down in May

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The American Iron and Steel Institute is reporting that in May the U.S. imported a total of 2,062,000 net tons (NT) of steel, including 1,853,000 NT of finished steel (down 38.2 percent and 9.3 percent respectively from April final data).

Through the first five months of 2019, total and finished steel imports are 13,584,000 and 9,953,000 NT, down 11.7 percent and 18.1 percent respectively from the year-ago period.

Annualized total and finished steel imports in 2019 would be 32.6 and 23.9 million NT, down 3.3 percent and 7.0 percent respectively from the 2018.

Finished steel import market share was an estimated 19 percent in May and is estimated at 21 percent over the first five months of 2019.

Key finished steel product imports with a significant month-over-month increase in May were sheets and strip all other metallic coatings (up 100 percent); heavy structural shapes (up 98 percent); reinforcing bars (up 56 percent); hot rolled bars (up 17 percent); and standard pipe (up 15 percent).

The major finished product with a significant year-over-year was line pipe (up 11 percent).

In May, the largest volumes of finished steel imports from offshore were from South Korea (290,000 NT, up 5 percent from April final); Japan (124,000 NT, down 22 percent); Taiwan (81,000 NT, up 13 percent); Germany (64,000 NT, down 56 percent); and Vietnam (61,000 NT, down 23 percent).

For the first five months of 2019, the largest offshore suppliers were South Korea (1,287,000 NT, down 16 percent from the year-ago); Japan (611,000 NT, no change); Germany (517,000 NT, down 6 percent); Taiwan (436,000 NT, down 7 percent); and Vietnam (368,000 NT, down 5 percent).



Posted 6/26/2019





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