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28 Nov 2019

28/11/2019 TODAY STEEL MKT RATE

US Steel imports fall 16% year-to-date through October: AISI

WASHINGTON (Scrap Register): The U.S. imported a total of 2,177,000 net tons (NT) of steel in October 2019, including 1,479,000 net tons (NT) of finished steel (up 14.5% and down3.5%, respectively, vs. September final data), the American Iron and Steel Institute (AISI) said in its latest report based on preliminary Census Bureau data.

Through the first ten months of 2019, total and finished steel imports are 24,770,000 and 18,343,000 net tons (NT), down 15.9% and 17.0%, respectively, vs. the same period in 2018. Annualized total and finished steel imports in 2019 would be 29.7 and 22.0 million NT, down 11.9% and 14.3%, respectively, vs. 2018. Finished steel import market share was an estimated 17% in October and is estimated at 20% over the first ten months of 2019.

Key finished steel products with a significant import increase in October compared to September were wire rods (up 24%), plates in coils (up 13%), sheets and strip hot dipped galvanized (up 13%), mechanical tubing (up 13%) and heavy structural shapes (up 12%).

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