JUNE 2008

March steel imports up 1.2%

Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the United States imported a total of 2,513,000 net tons (NT) of steel in March 2008, including 2,064,000 NT of finished steel (up 1 and 7 percent, respectively, vs. February final data). While total and finished steel imports through the first quarter of 2008 are both down 12 percent vs. the same period in 2007, total and finished steel imports are up 8 and 13 percent, respectively, compared to the previous quarter.

Key products with large increases in March compared to the month before include: plates cut lengths (up 81%), standard pipe (up 69%), oil country goods (up 47%), galvanized hot dipped sheets and strip (up 45%), mechanical tubing (up 35%), plates-in-coil (up 27%) and tin plate (up 24%).

For the first three months of 2008, products showing increases vs. the same period in 2007 were line pipe (up 43%), oil country goods (up 14%) and heavy structural shapes (up 9%).