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
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.
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).