US Finished Steel Imports in 2019 to Shrink by 17% YoY

Release time：Jan 02, 2020 From：admin

Based on preliminary Census Bureau data, the American Iron and Steel Institute reported that the US imported a total of 1,541,000 net tons of steel in November 2019, including 1,311,000 net tons of finished steel (down 29.9% and 12.5%, respectively, vs. October final data). Through the first eleven months of 2019, total and finished steel imports are 26,332,000 net tons and 19,675,000 net tons, down 17.3% and 18.1%, respectively, vs. the same period in 2018. Annualized total and finished steel imports in 2019 would be 28.7 million net tons and 21.5 million net tons, down 14.8% and 16.5%, respectively, vs. 2018. Finished steel import market share was an estimated 15% in November and is estimated at 19% over the first eleven months of 2019. Key finished steel products with a significant import increase in November compared to October are cut lengths plates (up 46%), hot rolled bars (up 24%), standard pipe (up 13%) and line pipe (up 12%).

In November the largest volumes of finished steel imports from offshore were from South Korea (188,000 net tons, up 11% from October final), Japan (85,000 net tons, up 14%), The Netherlands (70,000 net tons, up 131 %), Germany (55,000 net tons, down 30%) and Taiwan (31,000 net tons, down 21%). For the first eleven months of 2019, the largest offshore suppliers were South Korea (2,408,000 net tons, down 10% vs. the same period in 2018), Japan (1,175,000 net tons, down 9%), German)' (965,000 net tons, down 21%), Taiwan (799,000 net tons, down 21%) and Vietnam (650,000 net tons, down 36%).