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June 2007

March imports increase 14 percent from February 2007

Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the United States imported a total of 2,989,000 net tons (NT) of steel in March 2007, including 2,455,000 NT of finished steel (up 14 and 12 percent, respectively, vs. February 2007’s final data).

While this is down compared to the all-time record year of 2006, total and finished steel imports through the first quarter of 2007 are up 3 and 9 percent, respectively, vs. the same period in 2005 and, on an annualized basis, are up 7 and 11 percent, respectively.

Key products with large increases in March compared to the month before include cut-length plates (up 52 percent), standard pipe (up 45 percent), tin plate (up 40 percent), structural pipe and tubing (up 40 percent), wire rods (up 31 percent), hot rolled bars (up 24 percent), hot rolled sheets (up 23 percent) and galvanized hot dipped sheets & strip (up 19 percent).

For March, the largest volume of finished steel imports from offshore were from China (at 377,000 NT), the European Union-27 (at 299,000 NT) and South Korea (at 198,000 NT).

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