Chesterton Tribune



Steel imports down in July, but up 22.1 percent this year so far

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The American Iron and Steel Institute is reporting that the U.S. imported a total of 3,472,000 net tons (NT) of steel in July, including 2,868,000 NT of finished steel (down 11.5 percent and 4 percent respectively from June).

In the year-to-date, total and finished steel imports are 23,168,000 and 17,938,000 NT, up 22.1 percent and 17.3 percent respectively over 2016.

Annualized total and finished steel imports in 2017 would be 39.7 and 30.8 million NT, up 20.3% and 16.8 respectively over 2016.

Finished steel import market share was an estimated 29 percent in July and is estimated at 28 in the year-to-date.

Key finished steel products with significant import increases in July compared to June include standard pipe (up 38 percent); cut lengths plates (up 28 percent); line pipe (up 17 percent); and oil country goods (up 12 percent).

Major products with significant year-to-date increases include oil country goods (up 254 percent); standard pipe (up 47 percent); line pipe (up 39 percent); cold rolled sheets (up 37 percent); sheets and strip all other metallic coatings (up 35 percent); mechanical tubing (up 32 percent); hot rolled bars (up 26 percent); sheets and strip hot dipped galvanized (up 25 percent); wire rods (up 13 percent); and tin plate (up 11 percent).



Posted 8/24/2017




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