steel imports rise by 8 percent in January
Based on preliminary Census Bureau data, the
American Iron and Steel Institute (AISI) reported that the United
States imported a total of 2,048,000 net tons (NT) of steel in
January, including 1,632,000 NT of finished steel (up 10 percent
and 8 percent, respectively, from December final data). Finished
steel import market share in January was an estimated 21 percent
(same as in full-year 2010), up from 20 percent in December.
Key finished steel products with significant
import increases in January 2011 compared to December are reinforcing
bar (up 44 percent), wire rod (up 34 percent) and a variety of
tubular products – including standard pipe, line pipe and oil
country goods (up 38, 34 and 24 percent, respectively).
In January, the largest volumes of finished
steel imports from offshore were from South Korea (213,000, up
9 percent), Japan (126,000 NT, up 23 percent), Germany (78,000
up 20 percent), Australia (74,000 NT, up 78 percent) and China
(58,000, down 9 percent).