Chesterton Tribune

 

 

Steel imports up in April; down in year-to-date

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The American Iron and Steel Institute is reporting that the U.S. imported a total of 3,738,000 net tons (NT) of steel in April, including 2,860,000 net tons (NT) of finished steel (up 12.1 percent and 15.1 percent respectively over March).

In the year-to-date, total and finished steel imports are 12,436,000 NT and 9,696,000 NT, up 1.1 percent and 2.3 percent respectively over the first four months of 2017.

Annualized total and finished steel imports in 2018 would be 37.3 million NT and 29.1 million NT, down 2.1 percent and 1.6 percent respectively from 2017.

Finished steel import market share was an estimated 29 percent in April and is estimated at 26 in the year-to-date.

Key finished steel products with significant month-over-month increases in April included line pipe (up 87 percent); heavy structural shapes (up 57 percent); tin plate (up 53 percent); reinforcing bars (up 47 percent); hot rolled bars (up 39 percent); sheets and strip hot dipped galvanized (up 24 percent); sheets and strip all other metallic coatings (up 23 percent); standard pipe (up 20 percent); cut lengths plates (up 16 percent); and plates in coils (up 11 percent).

Major products with significant year-over-year increases over the first four months of 2017 include plates in coils (up 43 percent); hot rolled sheets (up 40 percent); line pipe (up 31 percent); oil country goods (up 25 percent); mechanical tubing (up 23 percent); and hot rolled bars (up 12 percent).

In April, the largest volumes of finished steel imports from offshore were from South Korea (472,000 NT, up 49 percent from March final); Turkey (146,000 NT, up 9 percent); Vietnam (131,000 NT, up 62 percent); Germany (120,000 NT, up 64 percent); and Taiwan (115,000 NT, up 46 percent).

For the first four months of 2018, the largest offshore suppliers were South Korea (1,418,000 NT, up 17 percent over the year-ago); Japan (492,000 NT, down 6 percent); Turkey (476,000 NT, down 52 percent); Germany (409,000 NT, up 21 percent); and Taiwan (390,000 NT, down 8 percent).

 

 

Posted 5/25/2018

 
 
 
 

 

 

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