Finished steel imports decrease in August
Based on preliminary Census Bureau data, the
American Iron and Steel Institute (AISI) reported that the United
States imported a total of 2,440,000 net tons (NT) of steel in
August, including 1,813,000 NT of finished steel (down 7 percent
and 13 percent, respectively, from July final data). Finished
steel import market share in August was an estimated 20 percent
and is 22 percent year-to date (YTD).
Key finished steel products with significant
import increases in August 2011 compared to July include reinforcing
bar (up 88 percent), line pipe (up 22 percent) and cut length
plates (up 16 percent). Major products with significant YTD import
increases versus the same period last year include cut length
plates (up 49 percent), plates in coils (up 36 percent), reinforcing
bar (up 31 percent), hot rolled bar (up 29 percent), cold rolled
sheets (up 28 percent), oil country goods (up 26 percent) and
hot rolled sheets (up 19 percent).
In August, the largest volumes of finished
steel imports from offshore were from South Korea (200,000 NT,
down 34 percent), China (119,000 NT, down 23 percent), Japan
(91,000 NT, down 35 percent) and India (84,000 NT, up 58 percent).
For the first 8 months of 2011, the largest
offshore suppliers have been South Korea (2,013,000 NT, up 57
percent), Japan (988,000 NT, up 11 percent) and China (837,000
NT, up 48 percent).