Chesterton Tribune



Steel imports up 19 percent through October this year

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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.

That figure includes 2,493,000 NT of finished steel, down 0.4 percent from September.

In the 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.

Annualized total 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.

Finished steel 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 percent).

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).

In the 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).



Posted 11/28/2017




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