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
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.
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
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).