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.
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).