The American Iron
and Steel Institute is reporting that in October the U.S. imported a total
of 3,264,000 net tons (NT) of steel, including 1,991,000 net tons (NT) of
finished steel, up 44.2 percent and 6.7 percent respectively over September.
year-to-date, total and finished steel imports were 29,436,000 and
22,082,000 NT, down 10.6 percent and 13.4 percent respectively from the
first 10 months of 2017.
and finished steel imports in 2018 would be 35.3 and 26.5 million NT, down
7.4 percent and 10.4 percent respectively from 2017.
import market share was an estimated 20 percent in October and is estimated
at 21 in the year-to-date.
Key finished steel
imports with a significant month-over-month increase in October were hot
rolled bars (up 55 percent); line pipe (up 37 percent); mechanical tubing
(up 23 percent); tin plate (up 13 percent); and wire drawn (up 13 percent).
Major products with
significant year-to-date increases include hot rolled sheets (up 23 percent)
and plates in coils (up 19 percent).
In October, the
largest volumes of finished steel imports from offshore were from South
Korea (183,000 NT, down 3 percent from September final); Vietnam (115,000
NT, up 53 percent); Germany (113,000 NT, down 3 percent); Japan (105,000 NT,
up 17 percent); and The Netherlands (78,000 NT, up 35 percent).
For the first 10
months of 2018, the largest offshore suppliers were South Korea (2,479,000
NT, down 26 percent from the year-ago); Japan (1,169,000 NT, down 11
percent); Germany (1,100,000 NT, down 5 percent); Turkey (1,041,000 NT, down
50 percent); and Taiwan (913,000 NT, down 21 percent).