Chesterton Tribune



Steel imports up in January

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The American Iron and Steel Institute is reporting that the U.S. imported a total of 2,875,000 net tons (NT) of steel in January, including 2,327,000 NT of finished steel (up 17.3 percent and 23.8 percent over December.

Total and finished steel imports are up 2.2 percent and down 0.1 percent respectively compared to the year-ago period.

Finished steel import market share was an estimated 26 percent in January.

Key finished steel products with significant import month-over-month increases in January included sheets and strip all other metallic coatings (up 129 percent); reinforcing bars (up 82 percent); oil country goods (up 78 percent); line pipe (up 44 percent); standard pipe (up 30 percent); hot rolled sheets (up 27 percent); hot rolled bars (up 22 percent); wire drawn (up 14 percent); mechanical tubing (up 13 percent); and plates in coils (up 11 percent).

In January, the largest volumes of finished steel imports from offshore were for South Korea (339,000 NT, up 77 percent from December final); Japan (141,000 NT, up 73 percent); Turkey (140,000 NT, up 141 percent); Taiwan (117,000 NT, up 188 percent); and Brazil (102,000 NT, up 6 percent).



Posted 2/27/2018





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