imports rise in May
Based on preliminary Census Bureau data, the
American Iron and Steel Institute (AISI) reported that the United
States imported a total of 2,226,000 net tons (NT) of steel in
May, including 1,722,000 NT of finished steel (up 7 percent and
3 percent, respectively, vs. April final data). This was the
highest monthly total since January 2009 and the 3rd consecutive
monthly increase. Finished steel import market share was an estimated
21 percent in May, vs. a low of 15 percent in August 2009. Import
market share has remained above 20 percent since March.
Key finished steel products with significant
import increases in May 2010 compared to April include plates
in coils (up 34 percent), tin plate (up 32 percent), mechanical
tubing (up 23 percent), oil country goods (up 21 percent) and
sheets and strip galvanized hot dipped (up 17 percent).
In May, the largest volumes of finished steel
imports from offshore were from South Korea (180,000, down 8
percent), Japan (122,000 NT, up 34 percent), India (116,000,
up 187 percent), Germany (96,000 NT, up 12 percent) and China
(60,000, down 2 percent).