The American Iron
and Steel Institute is reporting that steel import permit applications for
December totaled 2,473,000 net tons (NT), a 13.6-percent decrease from
November and a 10.5-percent decrease from the November final imports total.
tonnage for finished steel in December was 1,854,000 NT, down 14.6 percent
from November final imports total.
For the full year
2017, however, total and finished steel imports were 38,149,000 NT and
29,534,000 NT, up 15.5 percent and 12.1 percent respectively over 2016.
finished steel import market share in December was 22 and is estimated at 27
imports with large month-over-month increases in December included tool
steel (up 52 percent); heavy structural shapes (up 42 percent); tin free
steel (up 30 percent); and mechanical tubing (up 11 percent).
significant year-over-year increase in 2017 were oil country goods (up 197
percent); line pipe (up 62 percent); standard pipe (up 39 percent);
mechanical tubing (up 30 percent); hot rolled bars (up 23 percent);
structural pipe and tubing (up 19 percent); cold rolled sheets (up 15
percent); sheets and strip all other metallic coatings (up 13 percent); and
sheets and strip hot dipped galvanized (up 11 percent).
In December the
largest finished steel import permit applications for offshore countries
were for South Korea (179,000 NT, down 16 percent from November final);
Brazil (99,000 NT, up 1 percent); Japan (86,000 NT, down 25 percent);
Germany (84,000 NT, down 41 percent); and The Netherlands (61,000 NT, down
In 2017 the largest
offshore suppliers were South Korea (3,740,000 NT, down 1.9 percent from
2016); Turkey (2,186,000 NT, down 9 percent from 2016); and Japan (1,509,000
NT, down 16 percent from 2016).