US Steel Imports In April Up By 12pct - AISI

- May 29, 2018-

us_steet_imports_in_april_up_by_12pct_aisi_29832.gifBased on preliminary Census Bureau data, the American Iron and Steel Institute reported that the US imported a total of 3,738,000 net tons of steel in April 2018, including 2,860,000 net tons of finished steel (up 12.1% and 15.1%, respectively, vs. March final data). Year to date through four months of 2018, total and finished steel imports are 12,436,000 and 9,696,000 net tons, up 1.1% and 2.3%, respectively, vs. the same period in 2017.

Annualized total and finished steel imports in 2018 would be 37.3 and 29.1 million net tons, down 2.1% and 1.6%, respectively, vs. 2017. Finished steel import market share was an estimated 29% in April and is estimated at 26% YTD.

Key finished steel products with significant import increases in April compared to March include line pipe (up 87%), heavy structural shapes (up 57%), tin plate (up 53%), reinforcing bars (up 47%), hot rolled bars (up 39%), sheets and strip hot dipped galvanized (up 24%), sheets and strip all other metallic coatings (up 23%), standard pipe (up 20%), cut lengths plates (up 16%), and plates in coils (up 11%). Major products with significant year-to-date (YTD) increases vs. the same period in 2017 include plates in coils (up 43%), hot rolled sheets (up 40%), line pipe (up 31%), oil country goods (up 25%), mechanical tubing (up 23%) and hot rolled bars (up 12%).

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