Chesterton Tribune

 

 

Foreign steel imports down 15 percent in October

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The American Iron and Steel Institute is reporting that steel import permit applications in November totaled 2,544,000 net tons (NT), a 15.4-percent decrease from the 3,007,000 permit tons recorded in October and a 22.1-percent decrease from the October preliminary imports total of 3,264,000 NT.

Import permit tonnage for finished steel in November was 1,920,000, down 3.6 percent from the preliminary imports total of 1,991,000 in October.

For the first 11 months of 2018 (including November SIMA permits and October preliminary data), total and finished steel imports were 31,979,000 NT and 24,002,000 NT, down 10.4 percent and 13.3 percent respectively from the year-ago period.

The estimated finished steel import market share in November was 20 percent and is 23 percent in the year-to-date.

Finished steel imports with large month-over-month increases in November permits included electrolytic galvanized sheets and strip (up 224 percent); wire rods (up 86 percent); heavy structural shapes (up 62 percent); tin free steel (up 34 percent); mechanical tubing (up 14 percent); and sheets and strip all other metallic coatings (up 14 percent).

Products with significant year-to-date increases included hot rolled sheets (up 21 percent) and plates in coils (up 15 percent).

In November, the largest finished steel import permit applications for offshore countries were for South Korea (182,000 NT, down 1 percent from October preliminary); Japan (142,000 NT, up 35 percent); Germany (123,000 NT, up 8 percent); Vietnam (115,000 NT, no change); and Taiwan (92,000 NT, up 36 percent).

Through the first 11 months of 2018, the largest offshore suppliers were South Korea (2,660,000 NT, down 25 percent from the same period last year); Japan (1,311,000 NT, down 8 percent); and Germany (1,222,000 NT, down 8 percent).

 

 

Posted 12/10/2018

 

 
 
 
 

 

 

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