Chesterton Tribune

 

 

Steel imports up in March, down for the year

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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).

In the 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.

Annualized total 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.

Finished steel 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).

 

 

Posted 4/25/2018

 
 
 
 

 

 

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