May steel imports increase
Import market share at 23 percent
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,802,000 net tons (NT) of steel in May, including 2,123,000 NT of finished steel (up 2 percent and down 1 percent, respectively, vs. April final data). Year-to-date (YTD) total and finished steel imports are 13,236,000 and 10,359,000 NT, respectively, down 11 percent and 9 percent vs. 2012. Finished steel import market share was an estimated 23 percent in May and is estimated at 23 percent YTD.
Key finished steel products with a significant import increase in May 2013 compared to April are reinforcing bar (up 269 percent), hot rolled bars (up 63 percent), wire rods (up 28 percent) and sheets and strip hot dipped galvanized (up 15 percent).
In May, the largest volumes of finished steel imports from offshore were all from Asia and Europe. They were from South Korea (250,000 NT, down 9 percent), China (184,000 NT, up 66 percent), Turkey (171,000 NT, up 158 percent), Japan (169,000 NT, down 19 percent) and India (85,000 NT, up 43 percent). For five months of 2013, the largest offshore suppliers were South Korea (1,488,000 NT, down 6 percent), Japan (826,000 NT, down 3 percent), China (743,000 NT, up 22 percent), Turkey (640,000 NT, down 22 percent) and Germany (450,000 NT, down 13 percent).