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MAY 2007

February 2007 imports down from January

Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the United States imported a total of 2,655,000 net tons (NT) of steel in February 2007, including 2,140,000 NT of finished steel (down 10 and 11 percent, respectively, vs. January 2007).

Total and finished steel imports through the first two months of 2007 were up 1 and 8 percent, respectively, vs. the same period in 2005.

Key products with large increases in February compared to the month before included electrolytic galvanized sheets & strip (up 131 percent), standard rails (up 74 percent), plates cut-to-length (up 51 percent) and line pipe (up 45 percent).

In February, the largest volume of finished steel imports were from China (at 329,000 NT), the European Union- 27 (at 315,000 NT) and South Korea (at 170,000 NT).

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