Chesterton Tribune

 

 

Steel imports up in January; market share is 26 percent

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The American Iron and Steel Institute is reporting that steel import permit applications for the month of January totaled 2,914,000 net tons (NT), a 17.7-percent increase over December and an 18.9-percent increase over the December final imports.

Import permit tonnage for finished steel in January totaled 2,306,000 NT, up 22.6 percent over December.

The estimated finished steel import market share in January was 26 percent.

Finished steel imports with large month-over-month increases in January permits included sheets and strip all other metallic coatings (up 134 percent); reinforcing bars (up 133 percent); oil country goods (up 73 percent); line pipe (up 56 percent); hot rolled sheets (up 24 percent); hot rolled bars (up 17 percent); standard pipe (up 15 percent); and plates in coils (up 10 percent).

In January, the largest finished steel import permit applications for offshore countries were for South Korea (362,000 NT, up 89 percent from December final); Turkey (170,000 NT, up 192 percent); Japan (135,000 NT, up 65 percent); Taiwan (125,000 NT, up 208 percent); and Germany (89,000 NT, down 15 percent).

 

Posted 2/8/2018

 
 
 
 

 

 

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