STEEL IMPORTS DOWN 10% YEAR-TO-DATE Finished Import Market Share YTD at 25%

Transcription

1 News Release FOR IMMEDIATE RELEASE August 24, 2018 CONTACT Lisa Harrison STEEL IMPORTS DOWN 10% YEAR-TO-DATE Finished Import Market Share YTD at 25% 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 2,978,000 net tons (NT) of steel in July 2018, including 2,179,000 net tons (NT) of finished steel (up 19.4% and 17.5%, respectively, vs. June final data). Year-to-date (YTD) through seven months of 2018, total and finished steel imports are 20,862,000 and 16,190,000 net tons (NT), down 10.1% and 10.0%, respectively, vs. the same period in Annualized total and finished steel imports in 2018 would be 35.8 and 27.8 million NT, down 6.2% and 6.1%, respectively, vs Finished steel import market share was an estimated 23% in July and is estimated at 25% YTD. Key finished steel products with a significant import increase in July compared to June were reinforcing bars (up 214%), heavy structural shapes (up 123%), tin plate (up 55%), hot rolled sheets (up 44%), cut lengths plates (up 31%), plates in coils (up 24%), sheets and strip all other metallic coatings (up 23%), line pipe (up 17%), cold rolled sheets (up 12%), and mechanical tubing (up 11%). Major products with significant year-todate (YTD) increases vs. the same period in 2017 include plates in coils (up 20%) and hot rolled sheets (up 19%). July June % var (7 mo.) (7 mo.) % var % var Jul. vs. YTD YTD '18 vs Steel Mill Product (prelim.) final Jun '17 Ann. 12 mo. vs 2017 Ingots and Billets and Slabs 798, , % 4,649,473 5,209, % 7,970,524 8,519, % Oil Country Goods 217, , % 1,933,890 1,980, % 3,315,240 3,416, % Sheets & Strip Galv Hot Dipped 256, , % 1,858,064 2,114, % 3,185,252 3,421, % Sheets Hot Rolled 243, , % 1,518,516 1,275, % 2,603,171 2,129, % Sheets Cold Rolled 191, , % 1,410,178 1,791, % 2,417,448 2,932, % Line Pipe 189, , % 1,297,109 1,198, % 2,223,616 2,234, % Plates in Coils 133, , % 930, , % 1,595,834 1,365, % Bars - Reinforcing 150,335 47, % 811,271 1,184, % 1,390,750 1,566, % Bars - Hot Rolled 93,576 88, % 789, , % 1,353,493 1,453, % Wire Rods 85,361 82, % 659,976 1,075, % 1,131,387 1,581, % Standard Pipe 74,736 68, % 585, , % 1,003,371 1,165, % Sheets & Strip All Other Met. Ctd. 94,592 76, % 579, , % 993,955 1,173, % Wire Drawn 58,576 60, % 478, , % 819, , % Tin Plate 76,482 49, % 476, , % 817, , % Mechanical Tubing 51,838 46, % 416, , % 713, , % Structural Shapes Heavy 50,167 22, % 411, , % 705, , % Plates Cut Lengths 45,382 34, % 398, , % 683, , % All Other 167, , % 1,656,183 1,767, % 2,839,171 3,012, % TOTAL 2,978,455 2,494, % 20,861,959 23,212, % 35,763,358 38,125, % SUBTOTAL Finished Imports 2,179,312 1,854, % 16,190,371 17,979, % 27,754,921 29,560, %

2 Steel Imports Up 19% From Prior Month in June; Finished Import Market Share YTD at 25%/ Page 2 In July, the largest volumes of finished steel imports from offshore were from South Korea (189,000 NT, down 10% from June final), Japan (132,000 NT, up 3%), Vietnam (118,000 NT, down 4%), Italy (107,000 NT, up 225%) and Taiwan (99,000 NT, up 7%). For the first seven months of 2018, the largest offshore suppliers were South Korea (1,932,000 NT, down 15% vs. the same period in 2017), Japan (873,000 NT, down 7%), Germany (758,000 NT, up 1%), Turkey (721,000 NT, down 58%) and Taiwan (659,000 NT, down 16%). Below are charts on estimated steel import market share in recent months and on finished steel imports from offshore by country. BY COUNTRY OF ORIGIN July June % incr. (7 mo.) (7 mo.) % incr. % incr. COUNTRY July YTD YTD ' (Prelim.) final vs. June vs. '17 Ann. 12 mo. vs. '17 South Korea % 1,932 2, % 3,312 3, % Japan % % 1,496 1, % Germany % % 1,300 1, % Turkey % 721 1, % 1,236 2, % Taiwan % % 1,130 1, % Vietnam % % 1, % China % % % Italy % % % All Other 1,314 1, % 9,833 10, % 16,856 17, % Total 2,179 1, % 16,190 17, % 27,755 29, %

3 Steel Imports Up 19% From Prior Month in June; Finished Import Market Share YTD at 25%/ Page 3 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Product 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior Jul. '18 - May. '18 Apr. '18 - Feb. '18 % Change Sheets & Strip Galv Hot Dipped % Oil Country Goods % Sheets Hot Rolled % Sheets Cold Rolled % Line Pipe % Plates in Coils % Bars - Reinforcing % Wire Rods % Bars - Hot Rolled % Sheets & Strip All Other Met. Ctd % All Other % Total 2,159 2, % 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Country 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior Jul. '18 - May. '18 Apr. '18 - Feb. '18 % Change South Korea % Japan % Germany % Vietnam % Taiwan % Turkey % Italy % China % Netherlands % Austria % All Other 1,245 1, % Total 2,159 2, %

4 Millions of Net Tons Millions of Net Tons Steel Imports Up 19% From Prior Month in June; Finished Import Market Share YTD at 25%/ Page Monthly Imports 2018 vs Finished Semi-finished '17 '18 '17 '18 '17 '18 '17 '18 '17 '18 '17 '18 '17 '18 '17 '18 '17 '18 '17 '18 '17 '18 '17 '18 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Semi-finished Finished % change finished imports July 2018 vs July 2017 = -25.1% 3 Month Rolling Averages and 2018 vs Finished Semi-finished Mos. Prior 3 Mos. Rolling Rolling Avg. Avg * Semi-finished Finished % change finished imports 3 Mos. Rolling Avg. vs. 3 Mos. Prior = -12.2% % change semi-finished imports 2018 vs 2017 = -6.5% % change finished imports 2018 vs 2017 = -6.1% *

5 Steel Imports Up 19% From Prior Month in June; Finished Import Market Share YTD at 25%/ 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 21 member companies, including integrated and electric furnace steelmakers, and approximately 120 associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view AISI's website at Follow AISI on Facebook or Twitter (@AISISteel). -#####-