Chesterton Tribune



Steel imports up 15 percent in 2017 to take 27 percent of market

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The American Iron and Steel Institute is reporting that the U.S. imported a total of 2,446,000 net tons (NT) of steel in December 2017, including 1,877,000 NT of finished steel (down 11.4 percent and 13.5 percent respectively from November).

For the full year of 2017, total and finished steel imports were 38,121,000 and 29,558,000 NT, up 15.4 percent and 12.2 percent respectively from full-year 2016.

The finished steel import market share was an estimated 22 percent in December and an estimated 27 percent for full-year 2017.

Products with significant year-over-year increases include oil country goods (up 196 percent); line pipe (up 63 percent); standard pipe (up 40 percent); mechanical tubing (up 30 percent); hot rolled bars (up 23 percent); cold rolled sheets (up 16 percent; sheets and strip all other metallic coatings (up 14 percent); and sheets and strip hot dipped galvanized (up 10 percent).

In December, the largest volumes of finished steel imports from offshore were from South Korea (192,000 NT, down 10 percent from November final); Germany (105,000 NT, down 26 percent); Brazil (96,000 NT, down 2 percent); Japan (81,000 NT, down 29 percent); and Turkey (58,000 NT, down 13 percent).

For full-year 2017, the largest offshore suppliers were South Korea (3,753,000 NT, down 2 percent from 2016); Turkey (2,191,000 NT, down percent); Japan (1,504,000 NT, down 16 percent); Germany (1,405,000 NT, up 18 percent; and Taiwan (1,245,000 NT, up 15 percent).


Posted 1/29/2018




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