Steel imports decrease 14 percent in June
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,442,000 net tons (NT) of steel in June, including 1,956,000 NT of finished steel (down 14 percent and 9 percent, respectively, versus May final data).
Year-to-date (YTD) total and finished steel imports are 15,714,000 and 12,351,000 NT, respectively, down 11 percent and 9 percent versus 2012. Annualized total and finished steel imports in 2013 would be 31.4 and 24.7 million NT, down 6 percent and 4 percent respectively versus 2012. Finished steel import market share was an estimated 23 percent in June and is estimated at 23 percent YTD.
Key finished steel products with a significant import increase in June 2013 compared to May are plates in coils (up 30 percent), mechanical tubing (up 18 percent) and hot rolled sheets (up 10 percent).
In June, the largest volumes of finished steel imports from offshore were all from Asia and Europe. They were from South Korea (234,000 NT, down 17 percent versus May final), China (153,000 NT, down 17 percent), Japan (129,000 NT, down 24 percent), Germany (106,000 NT, up 67 percent) and Turkey (99,000 NT, down 42 percent). For six months of 2013, the largest offshore suppliers were South Korea (1,752,000 NT, down 7 percent), Japan (955,000 NT, down 5 percent), China (896,000 NT, up 11 percent), Turkey (740,000 NT, down 18 percent) and Germany (556,000 NT, down 13 percent).