Chesterton Tribune

 

 

Steel imports lower in September

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The American Iron and Steel Institute is reporting that steel import permit applications for September totaled 2,739,000 net tons (NT), an 8.7-percent decrease from August and a 7.6-percent decrease from the August preliminary imports total.

Import permit tonnage for finished steel in September was 1,980,000, down 1.5 percent from August.

For the first nine months of 2018 (including September SIMA permits and August preliminary data), total and finished steel imports were 26,578,000 NT and 20,188,000 NT, down 10.6 percent and 12.1 percent respectively from the year-ago period.

The estimated finished steel import market share in September was 21 percent and is 24 percent in the year-to-date.

Finished steel imports with large month-over-month increases in September included light shapes bars (up 103 percent); hot rolled sheets (up 35 percent); plates in coils (up 24 percent); sheets and strip all other metallic coatings (up 22 percent); standard pipe (up 19 percent); and cold rolled sheets (up 12 percent).

In September the largest finished steel import permit applications for offshore countries were for South Korea (239,000 NT, up 41 percent from August preliminary); Turkey (167,000 NT, up 40 percent); Germany (120,000 NT, up 7 percent); Taiwan (103,000 NT, up 27 percent); and Japan (94,000 NT, down 8 percent).

Through the first nine months of 2018, the largest offshore suppliers were South Korea (2,340,000 NT, down 21 percent from the same period last year); Japan (1,068,000 NT, down 14 percent); and Turkey (1,007,000 NT, down 49 percent).

 

Posted 10/4/2018

 
 
 
 

 

 

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