Chesterton Tribune

 

 

Steel imports slip in September

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The American Iron and Steel Institute is reporting that steel import permit applications for September totaled 1,967,000 net tons (NT), a 9.4-percent decrease from permit tons in August and a 2.7-percent decrease from final imports total in August.

Import permit tonnage for finished steel in September was 1,510,000 NT, down 15.9 percent from August.

For the first nine months of 2019 total and finished steel imports were 22,658,000 NT and 16,842,000 NT, down 13.4 percent and 16.2 percent respectively from the year-ago period.

The estimated finished steel import market share in September was 17 percent and is 20 percent in the year-to-date.

Products with significant year-over-year increases include black plate (up 95 percent); steel piling (up 50 percent); and tin free steel (up 25 percent).

In September, the largest finished steel import permit applications for offshore countries were for South Korea (150,000 NT, down 43 percent from August final); Japan (75,000 NT, down 44 percent); Germany (69,000 NT, down 8 percent); Taiwan (60,000 NT, down 1 percent); and Vietnam (52,000 NT, up 9 percent).

Through the first nine months of 2019, the largest offshore suppliers were South Korea (2,042,000 NT, down 11 percent from the same period last year); Japan (1,019,000 NT, down 4 percent); and Germany (836,000 NT, down 15 percent).

Note that import permits data are counts of tonnages requested in applications for licenses to import steel mill products and are not actual import volumes. For a number of reasons, permit tonnages may understate or overstate actual import volumes for the month.

 

 

 

Posted 10/10/2019

 
 
 
 

 

 

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