Finished steel imports rise by 31 percent in January
Market share increases to 23 percent
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,546,000 net tons (NT) of steel in January, including 2,060,000 NT of finished steel (up 23 percent and 31 percent, respectively, from December final data).
Finished steel import market share in January was an estimated 23 percent, up 1 percentage point from full-year 2011 and up 4 percentage points from December.
Key finished steel products with significant import increases in January 2012 compared to December are line pipe (up 60 percent), cold rolled sheets (up 59 percent), reinforcing bars (up 58 percent), oil country goods (up 46 percent), cut length plates (up 42 percent) and standard pipe (up 42 percent).
In January vs. the month before, the largest volumes of finished steel imports from offshore were from South Korea (314,000, up 55 percent), Turkey (142,000 NT, up 71 percent), Japan (128,000 up 0.2 percent), Germany (107,000 NT, up 25 percent) and China (100,000, up 15 percent).