Chesterton Tribune



Steel imports down nearly 7 percent in March

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The American Iron and Steel Institute is reporting that in March the U.S. imported a total of 2,271,000 net tons (NT) of steel, including 1,861,000 NT of finished steel, down 6.6 percent and 6.7 percent respectively from February.

Through the first three months of 2019, total and finished steel imports are 8,184,000 and 6,056,000 net tons (NT), down 5.9 percent and 11.4 percent respectively for the year-ago period.

Annualized total and finished steel imports in 2019 would be 32.7 and 24.2 million NT, down 2.9 percent and 5.7 percent respectively from 2018.

Finished steel import market share was an estimated 19 percent in March and is estimated at 21 percent for the first three months of 2019.

Key finished steel products with a significant month-over-month increase in March included heavy structural shapes (up 39 percent); tin plate (up 37 percent); sheets and strip all other metallic coatings (up 32 percent); oil country goods (up 25 percent); wire rods (up 15 percent); cold rolled sheets (up 13 percent); plates in coils (up 12 percent); and hot rolled bars (up 11 percent).

Major products with significant year-over-year increases during the first quarter of 2019 included line pipe (up 51 percent); and reinforcing bars (up 28 percent).

In March the largest volumes of finished steel imports from offshore were from South Korea (174,000 NT, down 7 percent from February); Taiwan (111,000 NT, up 54 percent); Japan (100,000 NT, down 20 percent); Germany (94,000 NT, up 16 percent); and Vietnam (81,000 NT, up 87 percent).

For the first three months of 2019, the largest offshore suppliers were South Korea (722,000 NT, down 24 percent from the year-ago); Japan (330,000 NT, down 16 percent); Germany (309,000 NT, up 7 percent); Taiwan (284,000 NT, up 4 percent); and Vietnam (228,000 NT, up 27 percent).


Posted 5/10/2019




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