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Steel import applications decline 8.8 percent in November
Released in time:12/20/2017 1:54:25 AM Browse The Times:60

Foreign steelmakers applied for permits to import 2.85 million tons of steel into the United States in November, an 8.8 percent decrease as compared to October.

The American Iron and Steel Institute reports those permit applications included 2.2 million tons of finished steel that would not require further processing in the United States, such as at service centers or the steel companies based at the Port of Indiana Burns Harbor. That marked a 13.6 percent decrease as compared to October.

But imports remain elevated.

Steel imports have risen by 17.9 percent to 35.7 million tons so far this year, according to AISI. That includes a 14.6 percent year-over-year increase to 27.7 million tons of imported finished steel products.


Imports have grabbed 27 percent of the U.S. market share so far this year, including 25 percent in November.

In November, imports of standard rails increased a staggering 1,698 percent, hot rolled bars 13 percent and tin plate 12 percent, the AISI estimates. The biggest offshore suppliers, excluding Canada, were South Korea, Germany, Japan, The Netherlands and Brazil.

So far this year, imports of oil country goods have risen by 226 percent, line pipe 69 percent, standard pipe 41 percent, mechanical tubing 31 percent, hot rolled bars 26 percent, structural pipe and tubing 22 percent, sheets and strip all other metallic coatings 22 percent, cold rolled sheets 18 percent and sheets and strip hot dipped galvanized 15 percent.

Through the of November, South Korea has shipped over 3.5 million tons of steel, Turkey 2.1 million tons and Japan 1.4 million tons.

 
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