US steel imports

US steel imports decrease in November -AISI

Based on preliminary Census Bureau data, the American Iron and Steel Institute reported that the US imported a total of 2,584,000 net tons of steel in November, including 1,906,000 net tons of finished steel (down 16.7% and 16.2%, respectively, vs. October final data).

Year to date total and finished steel imports are 29,636,000 and 22,933,000 net tons respectively, down 4% and 5% respectively, vs. 2012. Annualized total and finished steel imports in 2013 would be 32.3 and 25.0 million NT, down 3% each, respectively vs. 2012. Finished steel import market share was an estimated 22% in November and is estimated at 23% YTD.

A key finished steel product with a significant import increase in November 2013 compared to October is reinforcing bars (up 26%). Major products with significant YTD import increases vs. the same period last year include Reinforcing

bars (up 23%)
Hot rolled bars (up 14%)
Sheets and strip all other metallic coatings (up 12%)

In November, the largest volumes of finished steel imports from offshore were all from Asia and Europe. They were from South Korea (244,000 NT, down 38% vs. October final)

China (163,000 NT, down 24%)
Japan (139,000 NT, up 11%)
Germany (103,000 NT, down 5%)
Turkey (75,000 NT, up 3%).

For eleven months of 2013, the largest offshore suppliers were
South Korea (3,413,000 NT, down 2%)
China (1,755,000 NT, up 18%)
Japan (1,746,000 NT, down 5%)
Turkey (1,159,000 NT, down 11%)
Germany (1,017,000 NT, down 12%)

(www.steelguru.com)

Posted in: US Steel Market