Finished steel imports decreased in March
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,476,000 net tons (NT) of steel in March, including 1,967,000 net tons (NT) of finished steel (down 1 percent and up 4 percent, respectively, versus February final data).
According to the Census Bureau data, year-to-date (YTD) total and finished steel imports are 7,601,000 and 5,996,000 net tons (NT), respectively, down 12 percent and 8 percent versus 2012.
Key finished steel products with a significant import increase in March 2013 compared to February are reinforcing bar (up 88 percent), hot rolled bars (up 21 percent), tin plate (up 20 percent), sheets and strip galvanized hot dipped (up 20 percent), oil country goods (up 18 percent) and sheet and strip all other metallic coatings (up 18 percent).
Major products with significant YTD import increases vs. the same period last year include sheets and strip hot dipped galvanized (up 26 percent).
In March, the largest volumes of finished steel imports from offshore were all from Asia and Europe. They were from South Korea (231,000 NT, down 18 percent), Japan (177,000 NT, up 39 percent), China (136,000 NT, down 6 percent), Turkey (154,000 NT, up 34 percent) and India (75,000 NT, up 72 percent). For 3 months of 2013, the largest offshore suppliers were South Korea (875,000 NT, down 5 percent), China (447,000 NT, up 51 percent), Japan (443,000 NT, down 9 percent), Turkey (403,000 NT, down 22 percent) and Germany (248,000 NT, down 17 percent).