Finished steel imports up 4 percent
Import market share was at 21 percent
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the United States imported a total of 2,192,000 net tons (NT) of steel in October (down 3 percent), including 1,754,000 NT of finished steel (up 4 percent) vs. the September final data. Finished steel import market share in October was an estimated 21 percent and is 22 percent year-to-date (YTD).
Key finished steel products with significant import increases in October 2011 compared to September include hot rolled sheets (up 49 percent), sheet and strip all other metallic coated (up 33 percent) and mechanical tubing (up 23 percent). Major products with significant YTD import increases vs. the same period last year include cut length plates (up 56 percent), plates in coils (up 33 percent), hot rolled bar (up 27 percent), line pipe (up 26 percent) and oil country goods (up 22 percent).
In October, the largest volumes of finished steel imports from offshore were from South Korea (213,000 NT, up 0.1 percent), Japan (113,000 NT, down 7 percent), China (104,000 NT, down 4 percent), Australia (96,000 NT, up 93 percent) and Germany (82,000 NT, up 27 percent).
For the first 10 months of 2011, the largest offshore suppliers have been South Korea (2,440,000 NT, up 44 percent), Japan (1,225,000 NT, up 9 percent) and China (1,050,000 NT, up 45 percent).