February steel imports down by 8% from January
Based on preliminary Census Bureau data, the American
Iron and Steel Institute (AISI) reported that the United States imported
a total of 2,458,000 net tons (NT) of steel in February 2008, including
1,905,000 NT of finished steel (down 8 and 14 percent, respectively,
vs. January final data).
Total and finished steel imports on an annualized basis
are down 8 and 7 percent, respectively, vs. 2007. On an annualized basis,
total imports of steel in 2008 would be 30.7 million NT.
For the first two months of 2008, products showing
increases were Line Pipe (up 59%), Heavy Structural Shapes (up 19%),
Hot Rolled Sheet (up 9%) and Oil Country Goods (up 6%).
For February, the largest volume of finished steel
imports from offshore was from China (at 235,000 NT, down 14% from January).
Other notable offshore suppliers were South Korea (151,000 NT, down 35%),
Japan (88,000 NT, down 29%), Germany (88,000 NT, up 2%) and India (83,000
NT, down 19%).