The American Iron
and Steel Institute is reporting that steel import permit applications in
August totaled 2,947,000 net tons (NT), an 8.0-percent decrease from July.
tonnage for finished steel in August was 1,940,000, down 11.0 percent from
For the first eight
months of 2018, total and finished steel imports were 23,809,000 NT and
18,131,000 NT, down 10.0 percent and 11.4 percent respectively from the
finished steel import market share in August was 21 and is 24 in the
imports with large month-over-month increases in August included wire rods
(up 74 percent); cut lengths plates (up 29 percent); and wire drawn (up 12
significant year-to date increases include plates in coils (up 19%) and hot
rolled sheets (up 16 percent).
In August the
largest finished steel import permit applications for offshore countries
were for Turkey (164,000 NT, up 122 percent from July); South Korea (162,000
NT, down 14 percent); Germany (119,000 NT, up 21 percent); Japan (103,000
NT, down 22 percent); and Vietnam (77,000 NT, down 35 percent).
Through the first
eight months of 2018, the largest offshore suppliers were South Korea
(2,094,000 NT, down 20 percent from the year-ago); Japan (976,000 NT, down 8
percent); and Turkey (885,000 NT, down 52 percent).