AISI: U.S. Steel Imports Declined 18% in November
12/26/2014 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,635,000 tons of steel in November, including 2,878,000 tons of finished steel (down 18.2% and 16.3%, respectively, vs. October final data).
Year-to-date (YTD) total and finished steel imports are 40,641,000 and 30,733,000 tons, respectively, up 37% and 34% respectively, vs. 2013. Annualized total and finished steel imports in 2014 would be 44.3 and 33.5 million tons, up 38% and 35% respectively vs. 2013. Finished steel import market share was an estimated 29% in November and is estimated at 28% YTD.
Major products with significant YTD import increases vs. the same period last year include plates in coils (up 87%), cold rolled sheets (up 85%), wire rods (up 82%), cut lengths plates (up 75%), sheets and strip hot dipped galvanized (up 59%), heavy structural shapes (up 58%), hot rolled sheets (up 47%), sheets and strip all other metallic coatings (up 43%), tin plate (up 29%), mechanical tubing (up 28%), oil country goods (up 19%) and reinforcing bars (up 17`%).
Major products with significant YTD import increases vs. the same period last year include plates in coils (up 87%), cold rolled sheets (up 85%), wire rods (up 82%), cut lengths plates (up 75%), sheets and strip hot dipped galvanized (up 59%), heavy structural shapes (up 58%), hot rolled sheets (up 47%), sheets and strip all other metallic coatings (up 43%), tin plate (up 29%), mechanical tubing (up 28%), oil country goods (up 19%) and reinforcing bars (up 17`%).
