STEEL IMPORTS DOWN 23% FROM PRIOR MONTH IN MAY Finished Import Market Share YTD at 26%

Transcription

1 News Release FOR IMMEDIATE RELEASE June 25, 2018 CONTACT Lisa Harrison STEEL IMPORTS DOWN 23% FROM PRIOR MONTH IN MAY Finished Import Market Share YTD at 26% 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 2,887,000 net tons (NT) of steel in May 2018, including 2,418,000 net tons (NT) of finished steel (down 23.2% and 16.0%, respectively, vs. April final data). Year-todate (YTD) through five months of 2018, total and finished steel imports are 15,342,000 and 12,132,000 net tons (NT), down 2.7% and up 0.4%, respectively, vs. the same period in Annualized total and finished steel imports in 2018 would be 36.8 and 29.1 million NT, down 3.4% and 1.5%, respectively, vs Finished steel import market share was an estimated 25% in May and is estimated at 26% YTD. A key finished steel product with a significant import increase in May compared to April was wire rods (up 61%). Major products with significant year-to-date (YTD) increases vs. the same period in 2017 include hot rolled sheets (up 38%), plates in coils (up 36%), mechanical tubing (up 23%), line pipe (up 20%) and oil country goods (up 19%). May Apr. % var (5 mo.) (5 mo.) % var % var May vs. YTD YTD '18 vs Steel Mill Product (prelim.) final Apr '17 Ann. 12 mo. vs 2017 Ingots and Billets and Slabs 466, , % 3,188,991 3,674, % 7,653,577 8,519, % Oil Country Goods 263, , % 1,515,452 1,274, % 3,637,085 3,416, % Sheets & Strip Galv. Hot Dipped 257, , % 1,326,674 1,489, % 3,184,017 3,421, % Sheets Hot Rolled 228, , % 1,105, , % 2,652,525 2,129, % Sheets Cold Rolled 205, , % 1,048,475 1,207, % 2,516,340 2,932, % Line Pipe 158, , % 928, , % 2,229,220 2,234, % Plates in Coils 161, , % 688, , % 1,653,545 1,365, % Bars - Reinforcing 164, , % 612, , % 1,471,159 1,566, % Bars - Hot Rolled 109, , % 607, , % 1,457,993 1,453, % Wire Rods 135,397 84, % 492, , % 1,181,126 1,581, % Standard Pipe 69, , % 442, , % 1,061,126 1,165, % Sheets & Strip All Other Met. Ctd. 68,779 98, % 408, , % 979,915 1,173, % Wire Drawn 75,102 75, % 359, , % 862, , % Tin Plate 74,088 71, % 351, , % 842, , % Structural Shapes Heavy 67, , % 338, , % 812, , % Plates Cut Lengths 73,501 71, % 318, , % 764, , % Mechanical Tubing 67,239 67, % 317, , % 762, , % All Other 238, , % 1,290,290 1,231, % 3,096,696 3,012, % TOTAL 2,886,609 3,757, % 15,341,726 15,772, % 36,820,141 38,125, % SUBTOTAL Finished Imports 2,418,254 2,877, % 12,132,048 12,082, % 29,116,914 29,560, %

2 Steel Imports Down 23% From Prior Month in May; Finished Import Market Share YTD at 26%/ Page 2 In May, the largest volumes of finished steel imports from offshore were from Germany (140,000 NT, up 16% from April final), Japan (120,000 NT, up 22%), South Korea (110,000 NT, down 77%), Turkey (92,000 NT, down 37%) and Taiwan (77,000 NT, down 33%). For the first five months of 2018, the largest offshore suppliers were South Korea (1,532,000 NT, down 1% vs. the same period in 2017), Japan (612,000 NT, down 7%), Turkey (567,000 NT, down 50%), Germany (549,000 NT, up 13%) and Taiwan (467,000 NT, down 6%). 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 May Apr. % incr. (5 mo.) (5 mo.) % incr. % incr. COUNTRY May YTD YTD ' (Prelim.) final vs. Apr vs. '17 Ann. 12 mo. vs. '17 South Korea % 1,532 1, % 3,676 3, % Japan % % 1,469 1, % Turkey % 567 1, % 1,361 2, % Germany % % 1,318 1, % Taiwan % % 1,122 1, % Brazil % % % Vietnam % % % China % % % All Other 1,659 1, % 7,288 6, % 17,491 16, % Total 2,418 2, % 12,132 12, % 29,117 29, %

3 Steel Imports Down 23% From Prior Month in May; Finished Import Market Share YTD at 26%/ Page 3 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Product 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior May. '18 - Mar. '18 Feb. '18 - Dec. '17 % Change Oil Country Goods % Sheets & Strip Galv. Hot Dipped % Sheets Hot Rolled % Sheets Cold Rolled % Line Pipe % Plates in Coils % Bars - Reinforcing % Bars - Hot Rolled % Wire Rods % Standard Pipe % All Other % Total 2,594 2, % 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Country 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior May. '18 - Mar. '18 Feb. '18 - Dec. '17 % Change South Korea % Japan % Turkey % Germany % Vietnam % Taiwan % Brazil % Russia % China % Italy % All Other 1,473 1, % Total 2,594 2, %

4 Millions of Net Tons Millions of Net Tons Steel Imports Down 23% From Prior Month in May; Finished Import Market Share YTD at 26%/ 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 May 2018 vs May 2017 = -7.2% 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 = +24.9% % change semi-finished imports 2018 vs 2017 = -10.1% % change finished imports 2018 vs 2017 = -1.5% 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

5 Steel Imports Down 23% From Prior Month in May; Finished Import Market Share YTD at 26%/ Page 5 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). -#####-