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September 2004

Steel Imports for June 2004 Increased 9.1% from May

Newly released preliminary government figures covering steel imports for the month of June 2004 show that steel imports increased 9.1% percent from May 2004 levels.

Total Steel Mill Products
The preliminary data released July 27, 2004 show that overall steel imports in June 2004 increased 9.1 percent compared to May 2004. The increase in June’s total amount of steel imports was due primarily to an increase in imported hot-rolled sheets, wire rods, and blooms, billets and slabs. June 2004 imports of finished steel products increased 13.5 percent compared to May 2004, and imports of semi-finished steel decreased 4.1 percent.

June 2004 imports of steel mill products increased 89.3 percent compared to June 2003. June 2004 imports of finished steel was up 80.6 percent compared to June 2003, while semi-finished steel products increased 128.8 percent compared to June 2003. January to June 2004 imports of steel mill products increased 29.7 percent compared to the same period in 2003. January to June 2004 imports of finished steel were up 26.2 percent compared to the same period last year, while imports of semi-finished steel were up 43.6 percent.

Hot-Rolled Steel
June 2004 imports of hot-rolled steel increased 18.3 percent from their May 2004 levels and increased 154.2 percent compared to June 2003 levels. January to June 2004 imports of hot-rolled steel were up 20.4 percent compared to the same period last year.

Cold-Rolled Steel
June 2004 imports of cold-rolled steel increased 9 percent compared to May 2004 levels and were up 150 percent compared to June 2003 levels. January to June 2004 imports of cold-rolled steel were up 14.3 percent compared to the same period last year.

Cut-to-Length Plate
June 2004 imports of cut-to-length plate increased 34.9 percent compared to May 2004. June 2004 imports were up 65.4 percent compared to June 2003. January to June 2004 imports of cut-to-length plate were up 20.5 percent compared to the same period last year.

Corrosion-Resistant Steel
June 2004 imports of corrosion-resistant steel increased 30.4 percent compared to May 2004. June 2004 imports of these products were up 137.9 percent compared to June 2003. January to June 2004 imports of corrosion-resistant steel were up 5.9 percent compared to the same period last year.

Wire Rod
June 2004 imports of wire rod increased 22.1 percent compared to May 2004 levels, and were up 100.5 percent compared to June 2003 levels. January to June 2004 imports of wire rod were up 74.3 percent compared to the same period last year.

Heavy Structurals
June 2004 imports of heavy structurals increased 10.1 percent from their May 2004 level and were up 101.1 percent compared to June 2003 levels. January to June 2004 imports of heavy structurals were down 32.8 percent compared to the same period last year.

Rebar
June 2004 imports of rebar decreased 0.6 percent compared to May 2004. June 2004 imports of these products were up 71.6 percent compared to June 2003. January to June 2004 imports of rebar were up 102.1 percent compared to the same period last year.

Hot-Rolled Bar
June 2004 imports of hot-rolled bar increased 13.2 percent compared to May 2004 and were up 14.9 percent compared to June 2003 levels. January to June 2004 imports of hot-rolled bar were up 12.6 percent compared to the same period last year.

Standard Pipe
June 2004 imports of standard pipe increased 13.2 percent compared to May 2004. June 2004 imports of these products were up 62.8 percent compared to June 2003, and January to June 2004 imports of standard pipe were up 23.2 percent compared to the same period last year.

Oil Country Tubular Goods (OCTG)
June 2004 imports of OCTG increased 15.3 percent compared to May 2004. June 2004 imports of these products increased 37.6 percent compared to June 2003. January to June 2004 imports of OCTG were up 44.4 percent compared to the same period last year.

Semi-Finished Steel
June 2004 imports of semi-finished steel decreased 4.1 percent compared to May 2004 and were up 128.8 percent compared to June 2003 levels. January to June 2004 imports of semi-finished steel were up 43.6 percent compared to the same period last year.

EXPANDED BREAKOUT BY GRADE
Since June 2002 the U.S. Census Bureau (Census) expanded its early release of steel import data to include separate breakouts for carbon, alloy and stainless steel in each of the product categories. The following lists some of the highlights from these new breakouts:

Carbon Steel
Overall imports of carbon steel products in June 2004 increased 7.5 percent from their May 2004 levels and were up 106 percent compared to June 2003 levels. January to June 2004 imports of these products were up 34.2 percent compared to the same period last year.

Carbon Hot-Rolled Steel: Imports of carbon hot-rolled steel in June 2004 increased 20.3 percent compared to May 2004 and were increased 165.1 percent compared to June 2003 levels. January to June imports of these products were up 18.8 percent compared to the same period last year.

Carbon Cold-Rolled Steel: Imports of carbon cold-rolled steel in June 2004 increased 7 percent compared to May 2004. June 2004 imports were up 196.3 percent compared to June 2003 January to June imports of these products were up 15.8 percent compared to the same period last year.

Alloy Steel
Overall imports of alloy steel products in June 2004 increased 26.5 percent compared to May 2004 and were up 32 percent compared to June 2003 levels. January to June 2004 imports of these products were up 9.3 percent compared to the same period last year.

Tool Steel: Imports of tool steel in June 2004 increased 11.1 percent compared to May 2004. June 2004 imports were up 1.2 percent compared to June 2003. January to June imports of these products were down 13.6 percent compared to the same period last year.

Stainless Steel
Overall imports of stainless steel products in June 2004 decreased 7.5 percent from their May 2004 level and were up 21.3 percent compared to June 2003 levels. January to June 2004 imports of these products were up 12.3 percent compared to the same period last year.

Stainless Hot-Rolled Steel: Imports of stainless hot-rolled steel in June 2004 decreased 41 percent compared to May 2004. June 2004 imports were up 59.7 percent compared to June 2003. January to June imports of these products were up 85.3 percent compared to the same period last year.

Stainless Cold-Rolled Steel: Imports of stainless cold-rolled steel in June 2004 increased 11.5 percent compared to May 2004. June 2004 imports were up 59.8 percent compared to June 2003. January to June imports of these products were up 17.7 percent compared to the same period last year.

Stainless Hot-Rolled Bars: Imports of stainless hot-rolled bars in June 2004 increased 2.2 percent compared to May 2004 and were up 52.7 percent compared to June 2003 levels. January to June imports of these products were up 52.2 percent.


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