Steel Imports Up 21% YTD Over Same Period In 2016
time2017/09/29
- Finished Import Market Share YTD at 28%
Steel Imports Up 21% YTD Over Same Period In 2016
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI)
reported today that the U.S. imported a total of 3,349,000 net tons (NT) of steel in August 2017, including
2,422,000 net tons (NT) of finished steel (down 4.8% and 16.8%, respectively, vs. July final data). Year-to-date
(YTD) through eight months of 2017, total and finished steel imports are 26,561,000 and 20,401,000 net tons
(NT), up 20.6% and 15.5%, respectively, vs. the same period in 2016. Annualized total and finished steel
imports in 2017 would be 39.8 and 30.6 million NT, up 20.7% and 16.2%, respectively, vs. 2016. Finished steel
import market share was an estimated 26% in August and is estimated at 28% YTD.
Key finished steel products with significant import increases in August compared to July include wire drawn
(up 8%). Major products with significant year-to-date (YTD) increases vs. the same period in 2016 include oil
country goods (up 250%), standard pipe (up 47%), line pipe (up 42%), sheets and strip all other metallic
coatings (up 33%), mechanical tubing (up 32%), cold rolled sheets (up 31%), sheets and strip hot dipped
galvanized (up 25%) and hot rolled bars (up 19%).