Preliminary Steel Imports Increase 29% in October Steel Import Market Share at 22% through 10 Months

Transcription

1 News Release FOR IMMEDIATE RELEASE November 24, 2009 CONTACT: NANCY GRAVATT / Preliminary Steel Imports Increase 29% in Steel Import Market Share at 22% through 10 Months 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 1,560,000 net tons (NT) of steel in 2009, including 1,177,000 NT of finished steel (up 29% and 15%, respectively, vs. final data). This was the highest monthly total import figure since. Annualized total and finished steel imports in 2009 would be 16.0 and 14.4 million NT, respectively, down 50 and 45% vs Finished steel import market share was an estimated 18% in and is an estimated 22% year-to-date (YTD) through ten months. Key finished steel products with increases in 2009 compared to include reinforcing bars (105%), wire rods (55%), hot rolled bars (42%) line pipe (35%) and oil country goods (29%). % var (10 mo) (10 mo) % var % var Oct. Sept. Oct. vs. YTD YTD 09 vs ann. Steel Mill Product (prelim.) final Sept '08 Annualized 12 mo. vs mo. Oil Country Goods 42,402 32, % 1,497,439 2,930, % 1,796,927 3,973, % Ingots and Billets and Slabs 380, , % 1,376,416 5,546, % 1,651,699 5,943, % Line Pipe 126,545 93, % 1,375,737 2,739, % 1,650,884 3,223, % Sheets Hot Rolled 173, , % 1,371,459 2,461, % 1,645,751 2,769, % Sheets Cold Rolled 89,857 97, % 926,530 1,267, % 1,111,836 1,439, % Sheets & Strip Galv HD 88,555 84, % 876,004 1,578, % 1,051,205 1,821, % Plates in Coils 51,744 63, % 598, , % 717,881 1,213, % Wire Rods 121,801 78, % 591,751 1,016, % 710,101 1,229, % Bars - Hot Rolled 71,278 50, % 529,072 1,280, % 634,886 1,486, % Standard Pipe 36,460 38, % 506, , % 607,700 1,180, % Plates Cut Lengths 45,758 41, % 455,064 1,019, % 546,077 1,237, % Wire Drawn 54,079 40, % 393, , % 472, , % Bars - Reinforcing 32,999 16, % 389, , % 467, , % Structural Shapes Heavy 36,112 26, % 330, , % 396, , % Mechanical Tubing 19,762 24, % 294, , % 352, , % Tin Plate 29,795 25, % 257, , % 309, , % Sheets & Strip All Other Met. 18,709 29, % 246, , % 296, , % ALL OTHER 139, , % 1,345,527 2,215, % 1,614,632 2,576, % TOTAL 1,559,805 1,211, % 13,361,693 27,453, % 16,034,031 31,926, % SUBTOTAL Finished Imports 1,177,267 1,026, % 11,970,824 21,884, % 14,364,989 25,955, %

2 Imports increase 29% / Page 2 In, the largest volumes of finished steel imports from offshore were from South Korea (102,000 NT, up 59%), Japan (91,000 NT, up 76%), Turkey (69,000 NT, up 509%), The Netherlands (63,000 NT, up 170%) and India (52,000 NT, up 32%). Based on the first 10 months of 2009, finished steel imports from China would annualize at 1.6 million NT, 66% less than in 2008 but more than any other offshore supplier. Below are charts on estimated steel import market share by month and finished steel imports by country. 40 Estimated Steel Import Market Share By Month (Jan ) November December November December Percentage BY COUNTRY OF ORIGIN % incr. (10 mo) (10 mo) % incr % incr. COUNTRY Oct. Sep Oct. Oct. YTD YTD '09 YTD full year an vs Sept vs. '08 (est.) Annual vs. '08 South Korea % 1,102 1, % 1,323 2, % Japan % 823 1, % 987 1, % Turkey % % % Netherlands % % % India % % 626 1, % China % 1,349 3, % 1,619 4, % Australia % % % GERMANY % % 503 1, % All Other , % 6,824 11, % 8,189 13, % Total 1,177 1,026 2, % 11,971 21, % 14,365 25, % -MORE

3 Imports increase 29% / Page 3 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Product 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior Oct Aug. 09 Jul % Change Sheets Hot Rolled % Wire Rods % Sheets Cold Rolled % Line Pipe % Sheets & Strip Galv Hot Dipped % Plates in Coils % Bars - Hot Rolled % Wire Drawn % Plates Cut Lengths % Standard Pipe % All Other % Total 1, % 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Country 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior Oct Aug. 09 Jul % Change South Korea % Japan % China % Italy % The Netherlands % India % Australia % Germany % Brazil % Turkey % All Other % Total 1, % Source: U.S. Department of Commerce

4 Imports increase 29% / Page 4 Monthly Imports 2008 vs Millions of Net Tons J8 J9 F8 F9 M8 M9 A8 A9 M8 M9 J8 J9 J8 J9 A8 A9 S8 S9 O8 O9 N8 N9 D8 D9 Semi-finished Finished % change finished imports 2009 vs 2008 = -52.7% 3 Month Rolling Averages and YTD 2009 vs Millions of Net Tons Mos. Prior Rolling Avg. 3 Mos. Rolling Avg Mos YTD *2009 Annualized Semi Finished Finished % change finished imports 3 Mos. Rolling Avg. vs. 3 Mos. Prior = 11.2% % change semi-finished imports 2009 vs 2008 = -72.1% % change finished imports 2009 vs 2008 = -44.7% *preliminary

5 Imports increase 29% / 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 24 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 -###-