Chesterton Tribune

 

 

Steel imports down in November but way up in 2017

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The American Iron and Steel Institute is reporting that the U.S. imported a total of 2,718,000 net tons (NT) of steel in November 2017, down 14.6 percent from October.

That figure included 2,126,000 NT of finished steel, down 16.8 percent from October.

In the year-to-date, total and finished steel imports were 35,632,000 and 27,637,000 NT, up 17.5 percent and 14.3 percent respectively over 2016.

Annualized total and finished steel imports in 2017 would be 38.9 and 30.1 million NT, up 17.7 percent and 14.5 percent respectively over 2016.

Finished steel import market share was an estimated 25 percent in November and is estimated at 27 percent in the year-to-date.

Major products with significant year-over-year increases include oil country goods (up 223 percent); line pipe (up 69 percent), standard pipe (up 41 percent); mechanical tubing (up 31 percent); hot rolled bars (up 25 percent); sheets and strip all other metallic coatings (up 21 percent); cold rolled sheets (up 18 percent); and sheets and strip hot dipped galvanized (up 15 percent).

In November, the largest volumes of finished steel imports from offshore were from

South Korea (210,000 NT, down 47 percent from October); Germany (141,000 NT, down 10 percent); Japan (115,000 NT, up 59 percent); the Netherlands (110,000 NT, up 124 percent); and Brazil (98,000 NT, up 5 percent).

In the year-to-date, the largest offshore suppliers were South Korea (3,558,000 NT, up 0.4 percent); Turkey (2,133,000 NT, down 6 percent); Japan (1,422,000 NT, down 16 percent); Germany (1,301,000 NT, up 18 percent); and Taiwan (1,204,000 NT, up 29 percent).

 

Posted 12/27/2017

 
 
 
 

 

 

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