Chesterton Tribune



Steel imports down 20 percent in 2018

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The American Iron and Steel Institute is reporting that the U.S. imported a total of 1,898,000 net tons (NT) of steel in December 2018, including 1,679,000 net tons (NT) of finished steel, down 20.4 percent and 12.6 percent respectively from November.

For full year 2018, total and finished steel imports were 33,731,000 NT and 25,694,000 NT, down 11.5 percent and 13.1 percent respectively from full year 2017.

Finished steel import market share was 19 percent in December and 23 percent for full year 2018.

Key finished steel imports with significant month-over-month changes in December included heavy structural shapes (up 20 percent) and line pipe (up 12 percent).

Major imports with significant year-over-year increases included hot rolled sheets (up 22 percent) and plates in coils (up 15 percent).

In December the largest volumes of finished steel imports from offshore were from Germany (114,000 NT, down 9 percent from November); Vietnam (100,000 NT, down 17 percent); South Korea (91,000 NT, down 53 percent); Japan (97,000 NT, down 16 percent); and Turkey (53,000 NT, down 10 percent).

For full year 2018, the largest offshore suppliers were South Korea (2,764,000 NT, down 26 percent from full year 2017); Japan (1,383,000 NT, down 8 percent); Germany (1,339,000 NT, down 5% percent); Turkey (1,153,000 NT, down 47 percent); and Vietnam (1,110,000 NT, up 48 percent).



Posted 3/7/2019




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