The American Iron
and Steel Institute is reporting that steel import permit applications for
October totaled 2,979,000 net tons (NT), a 5.3-percent increase from the
2,828,000 permit tons recorded in September and a 31.6-percent increase from
the September final imports total of 2,263,000 NT.
tonnage for finished steel in October was 2,039,000, up 9.2 percent from the
final imports total of 1,866,000 in September.
For the first 10
months of 2018, total and finished steel imports were 29,150,000 NT and
22,130,000 NT, down 11.4 percent and 13.3 percent respectively from the
finished steel import market share in October was 21 percent and is 23
percent in the year-to-date.
imports with large month-over-month increases in October included cold
finished bars (up 59 percent); line pipe (up 54 percent); hot rolled bars
(up 52 percent); mechanical tubing (up 32 percent); tin plate (up 29
percent); cut lengths plates (up 26 percent); and wire drawn (up 20
significant year-to date increases vs. the same period in 2017 include hot
rolled sheets (up 22 percent); and plates in coils (up 19 percent).
In October, the
largest finished steel import permit applications for offshore countries
were for South Korea (177,000 NT, down 7 percent from September); Germany
(114,000 NT, down 2 percent); Japan (111,000 NT, up 23 percent); Vietnam
(97,000 NT, up 29 percent); and the Netherlands (91,000 NT, up 57 percent).
Through the first
10 months of 2018, the largest offshore suppliers were South Korea
(2,472,000 NT, down 26 percent from the year-ago); Japan (1,175,000 NT, down
10 percent); and Germany (1,101,000 NT, down 5 percent).