The American Iron
and Steel Institute is reporting that the U.S. imported a total of 3,119,000
net tons (NT) of steel in October 2017, the same volume as in September.
includes 2,493,000 NT of finished steel, down 0.4 percent from September.
year-to-date, total and finished steel imports were 32,850,000 NT and
25,449,000 NT, up 19.4 percent and 15.4 percent respectively over 2016.
and finished steel imports in 2017 would be 39.4 NT and 30.5 million NT, up
19.4 percent and 16.0 percent respectively over 2016.
import market share was an estimated 27 percent in October and is estimated
at 28 percent in the year-to-date.
Key finished steel
products with significant month-over-month import increases in October wire
rods (up 32 percent; cut lengths plates (up 27 percent); plates in coils (up
23 percent); and standard pipe (up 10 percent).
Major products with
significant year-over-year increases in the year-to-date include oil country
goods (up 231 percent); line pipe (up 68 percent); standard pipe (up 44
percent); mechanical tubing (up 34 percent); cold rolled (up 26 percent);
sheets and strip all other metallic coatings (up 25 percent); hot rolled
bars (up 21 percent); and sheets and strip hot dipped galvanized (up 17
In October, the
largest volumes of finished steel imports from offshore were from South
Korea (up 14 percent from September); Germany (up 2 percent); Taiwan (up 2
percent); Turkey (down 7 percent); and Brazil (down 19 percent).
year-to-date, the largest offshore suppliers were South Korea (up 2 percent
over 2016); Turkey (down 1 percent); Japan (down 17 percent); Germany (up 14
percent); and Taiwan (up 35 percent).