Steel imports increase 29 percent
Based on preliminary Census Bureau data, the American
Iron and Steel Institute (AISI) reported that the United
States imported a total of 1,560,000 net tons (NT) of
steel in October 2009, including 1,177,000 NT of finished
steel (up 29 percent and 15 percent, respectively, vs.
September final data). This was the highest monthly total
import figure since February. Finished steel import market
share was an estimated 18 percent in October and is an
estimated 22 percent year-to-date (YTD) through ten months.
Key finished steel products with increases in October
2009 compared to September include reinforcing bars (105
percent), wire rods (55 percent), hot rolled bars (42
percent) line pipe (35 percent) and oil country goods
In October, the largest volumes of finished steel imports
from offshore were from South Korea (102,000 NT, up 59
percent), Japan (91,000 NT, up 76 percent), Turkey (69,000
NT, up 509 percent), The Netherlands (63,000 NT, up 170
percent) and India (52,000 NT, up 32 percent).