Chesterton Tribune

 

 

Foreign steel imports in November down 27 percent

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The American Iron and Steel Institute is reporting that the U.S. imported a total of 2,385,000 net tons (NT) of steel in November 2018, including 1,921,000 net tons (NT) of finished steel (down 27.2 percent and 4.1 percent respectively from October).

Through the first 11 months of 2018, total and finished steel imports were 31,834,000 and 24,016,000 net tons (NT), down 10.8 percent and 13.2 percent respectively from the year-ago period.

Annualized total and finished steel imports in 2018 would be 34.7 and 26.2 million NT, down 8.9 percent and 11.4 percent respectively from 2017.

Finished steel import market share was an estimated 21 percent in November and is estimated at 23 percent over the first 11 months of 2018.\

Key finished steel products with a significant month-over-month increase in November were heavy structural shapes (up 67 percent); wire rods (up 57 percent); sheets and strip all other metallic coatings (up 24 percent); and mechanical tubing (up 12 percent).

Major products with significant year-over-year include hot rolled sheets (up 22 percent); and plates in coils (up 16 percent).

In November the largest volumes of finished steel imports from offshore were from South Korea (195,000 NT, up 6 percent from October); Germany (125,000 NT, up 10 percent); Vietnam (121,000 NT, up 5 percent); Japan (115,000 NT, up 8 percent); and Taiwan (100,000 NT, up 40 percent).

For the first 11 months of 2018, the largest offshore suppliers were South Korea (2,674,000 NT, down 25 percent from the year-ago); Japan (1,286,000 NT, down 10 percent); Germany (1,225,000 NT, down 6 percent); Turkey (1,100,000 NT, down 48 percent); and Taiwan (1,016,000 NT, down 16 percent).

 

Posted 2/7/2019

 
 
 
 

 

 

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