Steel Imports Declined By One Percent From July To August
- Sep 29, 2018-
Washington, D.C. – Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 2,966,000 net tons (NT) of steel in August 2018, including 2,010,000 net tons (NT) of finished steel (down 0.8% and 8.1%, respectively, vs. July final data). Year-to-date (YTD) through eight months of 2018, total and finished steel imports are 23,839,000 and 18,208,000 net tons (NT), down 10.4% and 11.0%, respectively, vs. the same period in 2017. Annualized total and finished steel imports in 2018 would be 35.8 and 27.3 million NT, down 6.2% and 7.6%, respectively, vs. 2017. Finished steel import market share was an estimated 21% in August and is estimated at 24% YTD.
Key finished steel products with a significant import increase in August compared to July were wire rods (up 30%) and cut lengths plates (up 13%). Major products with significant year-to-date (YTD) increases vs. the same period in 2017 include plates in coils (up 21%) and hot rolled sheets (up 18%).