Preliminary Steel Imports up 19% in July Import Market Share Rises to an Estimated 22%

Transcription

1 News Release FOR IMMEDIATE RELEASE August 24, 2010 CONTACT: NANCY GRAVATT / Preliminary Steel Imports up 19% in July Import Market Share Rises to an Estimated 22% Washington, D.C. Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 2,415,000 net tons (NT) of steel in July, including 1,797,000 NT of finished steel (up 19% and 15% respectively from June data). Annualized total and finished steel imports in 2010 would be 24.2 and 18.8 million NT, respectively, up 49% and 33% vs Finished steel import market share was an estimated 22% in July, vs. 20% in June and a low of 15% in August In the first 7 months of 2010, total and finished steel imports were up 47% and 23%, respectively, compared to the same period last year. Key finished steel products with significant import increases in July 2010 compared to June include line pipe (up 61%), oil country goods (up 34%), plates in coils (up 26%), hot rolled sheets (up 26%) and cut length plates (up 22%). Many finished steel products have registered significant year-to-date import increases in 2010 vs. the same period last year, including wire rods (up 166%) and hot rolled sheets (up 56%). % var (7 mo) (7 mo) % var % var July June July vs. YTD YTD '10 vs ann. Steel Mill Product (prelim.) final June '09 Annualized 12 mo. vs mo. Ingots and Billets and Slabs 615, , % 3,083, , % 5,286,740 2,014, % Oil Country Goods 266, , % 1,257,019 1,403, % 2,154,889 1,602, % Sheets Hot Rolled 236, , % 1,404, , % 2,407,058 1,739, % Line Pipe 171, , % 988,280 1,108, % 1,694,195 1,603, % Sheets & Strip Galv Hd 127, , % 885, , % 1,518,828 1,033, % Wire Rods 124, , % 842, , % 1,443, , % Sheets Cold Rolled 105,111 92, % 677, , % 1,161,643 1,137, % Plates in Coils 91,131 72, % 614, , % 1,054, , % Bars - Hot Rolled 89,046 79, % 594, , % 1,018, , % Plates Cut Lengths 77,093 63, % 450, , % 771, , % Standard Pipe 67,525 68, % 425, , % 729, , % Wire Drawn 55,031 57, % 364, , % 624, , % Tin Plate 51,503 42, % 272, , % 466, , % Bars - Reinforcing 48,497 48, % 307, , % 526, , % Structural Shapes Heavy 44,287 42, % 296, , % 508, , % Mechanical Tubing 40,384 34, % 216, , % 371, , % Rails Standard 28,746 3, % 152, , % 261, , % All Other 174, , % 1,287, , % 2,207,328 1,630, % TOTAL 2,414,999 2,034, % 14,120,930 9,615, % 24,207,308 16,214, % SUBTOTAL Finished Imports 1,796,562 1,563, % 10,985,342 8,947, % 18,832,015 14,178, %

2 Imports Increase 19% as Import Market Share Rises to 22% in July/ Page 2 In July, the largest volumes of finished steel imports from offshore were from South Korea (196,000, up 29%), Japan (125,000 NT, up 75%), Germany (87,000, up 41%), India (145,000 NT, up 177%) and China (94,000, up 19%). For the first seven months of 2010, the largest offshore suppliers were South Korea (1,085,000, up 28%), Japan (746,000 NT, up 16%) and Germany (539,000 NT, up 68%). Below are charts on estimated steel import market share in recent months and on finished steel imports from offshore by country. 24% Estimated Finished Steel Import Market Share For Past 12 Months 22% 20% 18% 16% 14% 12% A U G S EP O C T N O V D E C J AN F E B M A R A PR M A Y J U N J U L BY COUNTRY OF ORIGIN % incr. (7 mo.) (7 mo.) % incr % incr. COUNTRY July June July YTD YTD '10 YTD full year an vs June vs. '09 (est.) Annual vs. '09 South Korea % 1, % 1,859 1, % Japan % % 1, % Germany % % % India % % % China % 467 1, % 800 1, % Turkey % % % Australia % % % All Other 1,023 1, % 6,951 4, % 11,916 8, % Total 1,797 1, % 10,985 8, % 18,832 14, %

3 Imports Increase 19% as Import Market Share Rises to 22% in July/ Page 3 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Product 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior Jul May. 10 Apr Feb 10 % Change Oil Country Goods % Sheets Hot Rolled % Line Pipe % Sheets & Strip Galv Hd % Wire Rods % Plates in Coils % Sheets Cold Rolled % Bars - Hot Rolled % Plates Cut Lengths % Standard Pipe % All Other % Total 1,716 1, % 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Country 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior Jul May. 10 Apr Feb 10 % Change South Korea % Japan % India % Germany % China % Australia % Turkey % Russia % Netherlands % Taiwan % All Other % Total 1,716 1, % Source: U.S. Department of Commerce -MORE

4 Imports Increase 19% as Import Market Share Rises to 22% in July/ Page 4 Monthly Imports 2009 vs Millions of Net Tons J9 J10 F9 F10 M9 M10 A9 A10 M9 M10 J9 J10 J9 J10 A9 A10 S9 S10 O9 O10 N9 N10 D9 D10 Semi-finished Finished % change finished imports July 2010 vs July 2009 = 101.9% 3 Month Rolling Averages and YTD 2010 vs Millions of Net Tons Mos. Prior Rolling Avg. 3 Mos. Rolling Avg Mos YTD *2010 Annualized Semi Finished Finished % change finished imports 3 Mos. Rolling Avg. vs. 3 Mos. Prior = 13.1% % change semi-finished imports 2010 vs 2009 = 164.0% % change finished imports 2010 vs 2009 = 32.8% *preliminary

5 Imports Increase 19% as Import Market Share Rises to 22% in July/ Page 5 AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 23 member companies, including integrated and electric furnace steelmakers, and 138 associate and affiliate members who are suppliers to or customers of the steel industry. AISI's member companies represent approximately 75 percent of both U.S. and North American steel capacity. For more news about steel and its applications, view AISI s Web site at -###-