imports increase 5 percent
Based on preliminary Census Bureau data, the
American Iron and Steel Institute (AISI) reported that the United
States imported a total of 2,670,000 net tons (NT) of steel in
June, including 2,110,000 NT of finished steel (down 10 percent
and up 5 percent, respectively, from May final data). Finished
steel import market share in June was an estimated 24 percent
and is 22 percent year-to date (YTD).
In commenting on the June 2011 preliminary steel finished imports
data, Thomas J. Gibson, AISI president and CEO, stated that,
“An import market share of 24 percent in the context of significant
underutilized domestic steel capacity is substantial. There has
also been a trend of rising finished steel imports from offshore
– especially Asia – in recent months. These developments underscore
the need for the United States government to vigorously enforce
our laws against injurious dumped and subsidized imports.”
Key finished steel products with significant import increases
in June 2011 compared to May include cut length plates (up 19
percent), line pipe (up 18 percent), heavy structural shapes
(up 17 percent) and cold rolled sheets (up 17 percent). Major
products with significant YTD import increases vs. the same period
last year include reinforcing bar (up 55 percent), oil country
goods (up 41 percent) and hot rolled bars (up 33 percent).
In June, the largest volumes of finished steel imports from offshore
were from South Korea (301,000 NT, up 28 percent), China (161,000
NT, up 26 percent), Japan (123,000 NT, down 17 percent), Turkey
(90,000 NT, no change) and Taiwan (75,000 NT, up 56 percent).
For the first 6 months of 2011, the largest offshore suppliers
were South Korea (1,488,000 NT, up 67 percent) and Japan (756,000
NT, up 22 percent).