Chesterton Tribune



Steel imports up in April

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The American Iron and Steel Institute is reporting that the U.S. imported a total of 3,304,000 net tons (NT) of steel in April, including 2,011,000 NT of finished steel (up 45.5 percent and 8.1 percent respectively over March).

Through the first four months of 2019, total and finished steel imports were 11,489,000 and 8,067,000 NT, down 7.8 percent and 17.0 percent respectively from the year-ago period.

Annualized total and finished steel imports in 2019 would be 34.5 and 24.2 million NT, up 2.2 percent and down 5.8 respectively compared to 2018.

Finished steel import market share was an estimated 21 percent in April and is estimated at 21 percent over the first four months of 2019.

Key finished steel products with a significant month-over-month increase in April included wire rods (up 108 percent); cut lengths plates (up 50 percent); sheets and strip hot-dipped galvanized (up 29 percent); and hot-rolled sheets (up 16 percent).

Major products with significant year-over-year increase over the first four months included wire rods (up 19 percent); and line pipe (up 18 percent).

In April the largest volumes of finished steel imports from offshore were from South Korea (273,000 NT, up 57 percent from March final); Japan (158,000 NT, up 58 percent); Germany (143,000 NT, up 52 percent); Brazil (94,000 NT, up 593 percent); and Vietnam (78,000 NT, down 3 percent).

For the first four months of 2019, the largest offshore suppliers were South Korea (995,000 NT, down 30 percent from the year-ago); Japan (487,000 NT, down 1 percent); Germany (452,000 NT, up 11 percent); Taiwan (355,000 NT, down 9 percent); and Vietnam (306,000 NT, down 2 percent).



Posted 5/24/2019




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