AISI American Iron and Steel Institute : Steel Imports Up 18% Year-to-Date Through November
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 2,718,000 net tons (NT) of steel in November 2017, including 2,126,000 net tons (NT) of finished steel (down 14.6% and 16.8, respectively, vs. October final data). Year-to-date (YTD) through eleven months of 2017, total and finished steel imports are 35,632,000 and 27,637,000 net tons (NT), up 17.5% and 14.3%, respectively, vs. the same period in 2016. Annualized total and finished steel imports in 2017 would be 38.9 and 30.1 million NT, up 17.7% and 14.5%, respectively, vs. 2016. Finished steel import market share was an estimated 25% in November and is estimated at 27% YTD.
Major products with significant year-to-date (YTD) increases vs. the same period in 2016 include oil country goods (up 223%), line pipe (up 69%), standard pipe (up 41%), mechanical tubing (up 31%), hot rolled bars (up 25%), sheets and strip all other metallic coatings (up 21%), cold rolled sheets (up 18%) and sheets and strip hot dipped galvanized (up 15%).
In November, the largest volumes of finished steel imports from offshore were from South Korea (210,000 NT, down 47% from October final), Germany (141,000 NT, down 10%), Japan (115,000 NT, up 59%), The Netherlands (110,000 NT, up 124%) and Brazil (98,000 NT, up 5%). For the first eleven months of 2017, the largest offshore suppliers were South Korea (3,558,000 NT, up 0.4% vs. the same period in 2016), Turkey (2,133,000 NT, down 6%), Japan (1,422,000 NT, down 16%), Germany (1,301,000 NT, up 18%) and Taiwan (1,204,000 NT, up 29%). Below are charts on estimated steel import market share in recent months and on finished steel imports from offshore by country.Full Report