Chesterton Tribune

 

 

Foreign steel imports down 12.7 percent through June

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The American Iron and Steel Institute is reporting that in June the U.S. imported 2,023,000 net tons (NT) of steel, including 1,711,000 NT of finished steel, down 2.5 percent and 8.3 percent respectively from May.

Through the first six months of 2019, total and finished steel imports are 15,620,000 and 11,676,000 NT, down 12.7 percent and 16.7 percent respectively from the year-ago period.

Annualized total and finished steel imports in 2019 would be 31.2 and 23.4 million NT, down 7.4 percent and 9.1 percent respectively compared to 2018. Finished steel import market share was an estimated 20 in June and is estimated at 21 percent in the first half of 2019.

Key finished steel products with significant month-over-month increases in June were tin plate (up 70 percent); mechanical tubing (up 14 percent); and wire rods (up 12 percent).

In June the largest volumes of finished steel imports from offshore were from South Korea (163,000 NT, down 44 percent from May final); Japan (112,000 NT, down 9 percent); Germany (100,000 NT, up 56 percent); Taiwan (86,000 NT, up 7 percent); and Vietnam (59,000 NT, down 3 percent).

For the first six months of 2019, the largest offshore suppliers were South Korea (1,450,000 NT, down 17 percent from the year-ago); Japan (723,000 NT, down 2 percent); Germany (617,000 NT, down 7 percent); Taiwan (522,000 NT, down 7 percent); and Vietnam (427,000 NT, down 16 percent).

 

 

Posted 7/25/2019

 
 
 
 

 

 

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