The American Iron
and Steel Institute is reporting that the U.S. imported a total of 3,327,000
net tons (NT) of steel in March, including 2,480,000 NT of finished steel
(up 34.2 percent and 23 percent respectively over February).
year-to-date, total and finished steel imports are 8,690,000 and 6,831,000
NT, down 3 percent and 1.7 percent respectively from the year-ago period.
and finished steel imports in 2018 would be 34.8 and 27.3 million NT, down
8.8 percent and 7.6 percent respectively from 2017.
import market share was an estimated 26 percent in March and an estimated 25
percent in the year-to-date.
Key finished steel
imports with significant month-over-month increases in March include
reinforcing bars (up 215 percent); plates in coils (up 6o percent); cold
rolled sheets (up 42 percent); hot rolled sheets (up 42 percent); sheets and
strip hot dipped galvanized (up 30 percent); standard pipe (up 27 percent);
oil country goods (up 27 percent); mechanical tubing (up 27 percent); and
sheets and strip all other metallic coatings (up 12 percent).
Major imports with
significant year-over-year increases in the year-to-date include oil country
goods (up 41 percent); hot rolled sheets (up 39 percent); plates in coils
(up 33 percent); mechanical tubing (up 26 percent); hot rolled bars (up 17
percent); and line pipe (up 10 percent).
In March, the
largest volumes of finished steel imports from offshore were from South
Korea (317,000 NT, up 9 percent from February); Japan (154,000 NT, up 60
percent); Turkey (134,000 NT, up 138 percent); Vietnam (81,000 NT, up 147
percent); and Taiwan (79,000 NT, up 1%).
For the first three
months of 2018, the largest offshore suppliers were South Korea (947,000 NT,
up 6 percent over the year-ago); Japan (393,000 NT, up 3 percent); Turkey
(330,000 NT, down 59 percent); Germany (288,000 NT, up 27 percent); and
Taiwan (275,000 NT, down 10 percent).