The American Iron
and Steel Institute is reporting that steel import permit applications for
November totaled 2,850,000 net tons (NT), a 10.5-percent decrease from the
October final imports total.
tonnage for finished steel in November was 2,207,000, down 13.6 percent from
the October final imports total.
year-to-date, however, total and finished steel imports were 35,764,000 NT
and 27,718,000 NT, an increase of 17.9 percent and 14.6 percent respectively
over the first 11 months of 2016.
finished steel import market share in November was 25 percent and is 27
percent in the year-to-date.
imports with large month-over-month increases in November included standard
rails (up 1,698 percent); hot rolled bars (up 13 percent); and tin plate (up
significant year-over-year increases include oil country goods (up 226
percent); line pipe (up 69 percent); standard pipe (up 41 percent);
mechanical tubing (up 31 percent); hot rolled bars (up 26 percent);
structural pipe and tubing (up 22 percent); sheets and strip all other
metallic coatings (up 22 percent); cold rolled sheets (up 18 percent); and
sheets and strip hot dipped galvanized (up 15 percent).
In November, the
largest finished steel import permit applications for offshore countries
were for South Korea (216,000 NT, down 45 percent); Germany (171,000 NT, up
9 percent); Japan (110,000 NT, up 52 percent); the Netherlands (101,000 NT,
up 105 percent; and Brazil (92,000 NT, down 2 percent).
year-to-date, the largest offshore suppliers were South Korea (3,563,000 NT,
up 0.6 percent); Turkey (2,142,000 NT, down 5 percent); and Japan (1,417,000
NT, down 29 percent).