STEEL IMPORTS UP 19% YEAR-TO-DATE THROUGH OCTOBER Finished Import Market Share YTD at 28%

Transcription

1 News Release FOR IMMEDIATE RELEASE November 27, 2017 CONTACT Lisa Harrison STEEL IMPORTS UP 19% YEAR-TO-DATE THROUGH OCTOBER Finished Import Market Share YTD at 28% 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 3,119,000 net tons (NT) of steel in October 2017, including 2,493,000 net tons (NT) of finished steel (unchanged and down 0.4%, respectively, vs. September final data). Year-to-date (YTD) through ten months of 2017, total and finished steel imports are 32,850,000 and 25,449,000 NT, up 19.4% and 15.4% respectively, vs. the same period in Annualized total and finished steel imports in 2017 would be 39.4 and 30.5 million NT, up 19.4% and 16.0% respectively, vs Finished steel import market share was an estimated 27% in October and is estimated at 28% YTD. Key finished steel products with significant import increases in October compared to September include wire rods (up 32%), cut lengths plates (up 27%), plates in coils (up 23%) and standard pipe (up 10%). Major products with significant YTD increases vs. the same period in 2016 include oil country goods (up 231%), line pipe (up 68%), standard pipe (up 44%), mechanical tubing (up 34%), cold rolled (up 26%), sheets and strip all other metallic coatings (up 25%), hot rolled bars (up 21%) and sheets and strip hot dipped galvanized (up 17%). Oct. Sep. % var (10 mo.) (10 mo.) % var % var Oct. vs. YTD YTD '17 vs Steel Mill Product (prelim.) final Sep '16 Ann. 12 mo. vs 2016 Ingots and Billets and Slabs 621, , % 7,363,657 5,441, % 8,836,388 6,650, % Sheets & Strip Galv Hot Dipped 263, , % 2,956,287 2,524, % 3,547,545 3,098, % Oil Country Goods 318, , % 2,911, , % 3,493,627 1,152, % Sheets Cold Rolled 253, , % 2,539,054 2,019, % 3,046,865 2,537, % Line Pipe 250, , % 1,934,584 1,153, % 2,321,501 1,371, % Sheets Hot Rolled 179, , % 1,806,935 2,552, % 2,168,322 2,900, % Bars - Reinforcing 79, , % 1,453,214 1,828, % 1,743,857 2,109, % Wire Rods 122,103 92, % 1,416,919 1,387, % 1,700,303 1,593, % Bars - Hot Rolled 96, , % 1,165, , % 1,398,674 1,186, % Plates in Coils 137, , % 1,128,122 1,068, % 1,353,746 1,340, % Sheets & Strip All Other Met. Ctd. 90,570 95, % 1,070, , % 1,284,811 1,033, % Standard Pipe 92,138 83, % 1,008, , % 1,210, , % Tin Plate 83,674 93, % 776, , % 931, , % Structural Shapes Heavy 61,006 66, % 767, , % 920, , % Wire Drawn 66,135 65, % 731, , % 877, , % Plates Cut Lengths 80,003 63, % 709,710 1,110, % 851,652 1,227, % Mechanical Tubing 63,607 59, % 571, , % 685, , % All Other 258, , % 2,539,431 2,374, % 3,047,317 2,816, % TOTAL 3,118,983 3,117, % 32,849,759 27,517, % 39,419,711 33,021, % SUBTOTAL Finished Imports 2,492,959 2,503, % 25,449,473 22,047, % 30,539,367 26,338, %

2 Steel Imports Up 19% YTD Over Same Period in 2016; Finished Import Market Share YTD at 28%/ Page 2 In October, the largest volumes of finished steel imports from offshore were from South Korea (372,000 NT, up 14% from September final), Germany (156,000 NT, up 2%), Taiwan (122,000 NT, up 2%), Turkey (112,000 NT, down 7%) and Brazil (89,000 NT, down 19%). For the first ten months of 2017, the largest offshore suppliers were South Korea (3,328,000 NT, up 2% vs. the same period in 2016), Turkey (2,065,000 NT, down 1%), Japan (1,307,000 NT, down 17%), Germany (1,160,000 NT, up 14%) and Taiwan (1,148,000 NT, up 35%). 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 Oct. Sep. % incr. (10 mo.) (10 mo.) % incr. % incr. COUNTRY Oct. YTD YTD ' (Prelim.) final vs. Sep vs. '16 Ann. 12 mo. vs. '16 South Korea % 3,328 3, % 3,993 3, % Turkey % 2,065 2, % 2,478 2, % Japan % 1,307 1, % 1,568 1, % Germany % 1,160 1, % 1,392 1, % Taiwan % 1, % 1,378 1, % Brazil % % % Russia % % % China % % % All Other 1,444 1, % 14,233 11, % 17,080 14, % Total 2,493 2, % 25,449 22, % 30,539 26, %

3 Steel Imports Up 19% YTD Over Same Period in 2016; Finished Import Market Share YTD at 28%/ Page 3 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Product 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior Oct. '17 - Aug. '17 Jul. '17 - May. '17 % Change Oil Country Goods % Sheets & Strip Galv. Hot Dipped % Sheets Cold Rolled % Line Pipe % Sheets Hot Rolled % Plates in Coils % Wire Rods % Bars - Hot Rolled % Sheets & Strip All Other Met. Ctd % Standard Pipe % All Other % Total 2,490 2, % 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Country 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior Oct. '17 - Aug. '17 Jul. '17 - May. '17 % Change South Korea % Germany % Japan % Taiwan % Turkey % Brazil % Russia % India % China % Vietnam % All Other 1,275 1, % Total 2,490 2, %

4 Steel Imports Up 19% YTD Over Same Period in 2016; Finished Import Market Share YTD at 28%/ Page 4

5 Steel Imports Up 19% YTD Over Same Period in 2016; Finished Import Market Share YTD at 28%/ 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 19 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). -#####-