Chesterton Tribune

 

 

Steel imports up 25 percent year to date

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The American Iron and Steel Institute is reporting that the U.S. imported a total of 3,868,000 net tons (NT) of steel in June 2017, including 2,941,000 NT of finished steel (up 11.6 percent and 12.8 percent respectively over May).

In the year-to-date, through June, total and finished steel imports are 19,641,000 and 15,024,000 (NT), up 25 percent and 17.2 percent respectively over the year-ago.

Annualized total and finished steel imports in 2017 would be 39.3 and 30.0 million NT, up 19 percent and 14.1 percent respectively over 2016.

Finished steel import market share was an estimated 30 percent in June and is estimated at 27 percent in the year-to-date.

Key finished steel products with significant import increases in June include reinforcing bars (up 84 percent); sheets and strip all other metallic coatings (up 61 percent); heavy structural shapes (up 40 percent); cold rolled sheets (up 32 percent); hot rolled sheets (up 29 percent); mechanical tubing (up 25 percent); oil country goods (up 19 percent); hot rolled bars (up 12 percent); and plates in coils (up 11 percent).

Major products with significant year-to-date increases include oil country goods (up 248 percent); cold rolled sheets (up 41 percent); sheets and strip all other metallic coatings (up 36 percent); standard pipe (up 35 percent); line pipe (up 32 percent); mechanical tubing (up 29 percent); hot rolled bars (up 28 percent); sheets and strip hot dipped galvanized (up 26 percent); tin plate (up 17 percent); and wire rods (up 10 percent).

In June, the largest volumes of finished steel imports from offshore were from South Korea (388,000 NT, up 18 percent over May); Turkey (328,000 NT, up 113 percent); Taiwan (163,000 NT, up 126 percent); Japan (125,000 NT, down 9 percent); and Germany (116,000 NT, down 21 percent).

For the first six months of 2017, the largest offshore suppliers were South Korea (1,928,000 NT, down 1 percent from 2016); Turkey (1,470,000 NT, up 23 percent); Japan (785,000 NT, down 10 percent); Taiwan (660,000 NT, up 68 percent); and Germany (602,000 NT, down 2 percent).

 

Posted 7/27/2017

 
 
 
 

 

 

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