Chesterton Tribune

 

 

Steel imports down in September, up 20 percent in 2017

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The American Iron and Steel Institute is reporting that the U.S. imported a total of 3,051,000 net tons (NT) of steel in September, down 10.3 percent from August.

That figure included 2,438,000 NT of finished steel, down 1.4 percent from August.

In the year-to-date, total and finished steel imports were 29,663,000 and 22,890,000 NT, up 19.6 percent and 15.7 percent respectively over 2016.

Annualized total and finished steel imports in 2017 would be 39.6 and 30.5 million NT, up 19.8 percent and 15.9 percent respectively over 2016.

Finished steel import market share was an estimated 27 in September and is estimated at 28 in the year-to-date.

Key finished steel products with significant import increases in September included reinforcing bars (up 85 percent); line pipe (up 35 percent); tin plate (up 31 percent); oil country goods (up 23 percent); and plates in coils (up 11 percent).

Major products with significant year-to-date increases included include oil country goods (up 255 percent); line pipe (up 60 percent); standard pipe (up 45 percent); mechanical tubing (up 32 percent); cold rolled (up 28 percent); sheets and strip all other metallic coatings (up 26 percent); sheets and strip hot dipped galvanized (up 22 percent); and hot rolled bars (up 19 percent).

In September, the largest volumes of finished steel imports from offshore were from South Korea (321,000 NT, down 11 percent from August); Japan (169,000 NT, up 32 percent); Germany (151,000 NT, up 53 percent); Taiwan (120,000 NT, down 2 percent); and Turkey (112,000 NT, up 5 percent).

For the first nine months of 2017, the largest offshore suppliers were South Korea (2,949,000 NT, down 2 percent); Turkey (1,944,000 NT, up 5 percent); Japan (1,234,000 NT, down 14 percent); Taiwan (1,026,000 NT, up 36 percent); and Germany (1,001,000 NT, up 6 percent).

 

 

Posted 10/26/2017

 
 
 
 

 

 

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