The American Iron
and Steel Institute is reporting that the U.S. imported a total of 2,000,000
net tons (NT) of steel in August, including 1,783,000 NT of finished steel
(down 34.0 percent and 3.4 percent respectively from July final data).
Through the first
eight months of 2019, total and finished steel imports are 20,668,000 and
15,321,000 NT, down 13.6 percent and 15.9 percent respectively from the
and finished steel imports in 2019 would be 31.0 and 23.0 million NT, down
8.1 percent and 10.6 percent respectively from 2018. Finished steel import
market share was an estimated 19 percent in August and is estimated at 20
percent over the first eight months of 2019.
A key finished
steel product with a significant month-over-month increase in August was hot
rolled sheets, up 10 percent.
In August the
largest volumes of finished steel imports from offshore were from South
Korea (263,000 NT, up 46 percent from July final); Japan (134,000 NT, up 54
percent); Germany (75,000 NT, down 1 percent); Taiwan (61,000 NT, down 28
percent); and Spain (56,000 NT, up 47 percent).
For the first eight
months of 2019, the largest offshore suppliers were South Korea (1,892,000
NT, down 10 percent from the year-ago); Japan (944,000 NT, down 3 percent);
Germany (767,000 NT, down 12 percent); Taiwan (668,000 NT, down 10 percent);
and Vietnam (543,000 NT, down 22 percent).