imports decline 14 percent
Based on preliminary Census Bureau data, the
American Iron and Steel Institute (AISI) reported that the United
States imported a total of 1,791,000 net tons (NT) of steel in
October, including 1,489,000 NT of finished steel (down 14 percent
and 6 percent, respectively, from September final data).
Since a year-high finished steel import share
of 24 percent in July, import share has averaged around 20 percent
over the past three months and was an estimated 19 percent in
October, vs. a low of 15 percent in August 2009. For the year-to-date,
finished steel import market share is 21 percent. In the first
10 months of 2010, total and finished steel imports are up 50
percent and 31 percent, respectively, compared to the same period
Key finished steel products with significant
import increases in October 2010 compared to September include
heavy structural shapes (up 57 percent), standard pipe (up 35
percent), hot dipped galvanized sheet and strip (up 21 percent)
and wire drawn (up 16 percent). Many finished steel products
have registered large year-to-date import increases in 2010 vs.
the same period last year, including wire rods (up 91 percent)
and hot rolled sheets (up 42 percent).
In October, the largest volumes of finished
steel imports from offshore were from South Korea (183,000, down
12 percent), Japan (104,000 NT, down 8 percent), Germany (79,000
up 36 percent), India (70,000 NT, up 255 percent) and China (52,000,
down 48 percent).