News Release FOR IMMEDIATE RELEASE June 25, 2018 CONTACT Lisa Harrison 202.452.7115/lharrison@steel.org 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 2017. 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. 2017. 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 2018 2018 May vs. YTD YTD '18 vs. 2018 2017 2018 Steel Mill Product (prelim.) final Apr. 2018 2017 '17 Ann. 12 mo. vs 2017 Ingots and Billets and Slabs 466,635 875,710-46.7% 3,188,991 3,674,572-13.2% 7,653,577 8,519,484-10.2% Oil Country Goods 263,408 331,194-20.5% 1,515,452 1,274,193 18.9% 3,637,085 3,416,194 6.5% Sheets & Strip Galv. Hot Dipped 257,608 350,167-26.4% 1,326,674 1,489,562-10.9% 3,184,017 3,421,194-6.9% Sheets Hot Rolled 228,689 260,526-12.2% 1,105,219 802,189 37.8% 2,652,525 2,129,384 24.6% Sheets Cold Rolled 205,818 243,597-15.5% 1,048,475 1,207,749-13.2% 2,516,340 2,932,375-14.2% Line Pipe 158,198 277,947-43.1% 928,842 774,726 19.9% 2,229,220 2,234,960-0.3% Plates in Coils 161,875 168,132-3.7% 688,977 506,273 36.1% 1,653,545 1,365,316 21.1% Bars - Reinforcing 164,577 186,659-11.8% 612,983 814,210-24.7% 1,471,159 1,566,310-6.1% Bars - Hot Rolled 109,354 148,654-26.4% 607,497 580,874 4.6% 1,457,993 1,453,127 0.3% Wire Rods 135,397 84,172 60.9% 492,136 742,884-33.8% 1,181,126 1,581,077-25.3% Standard Pipe 69,512 110,423-37.0% 442,136 513,397-13.9% 1,061,126 1,165,069-8.9% Sheets & Strip All Other Met. Ctd. 68,779 98,183-29.9% 408,298 495,971-17.7% 979,915 1,173,623-16.5% Wire Drawn 75,102 75,498-0.5% 359,563 367,956-2.3% 862,951 856,820 0.7% Tin Plate 74,088 71,165 4.1% 351,129 375,115-6.4% 842,709 941,400-10.5% Structural Shapes Heavy 67,837 101,483-33.2% 338,719 354,926-4.6% 812,927 859,808-5.5% Plates Cut Lengths 73,501 71,077 3.4% 318,511 307,855 3.5% 764,428 828,010-7.7% Mechanical Tubing 67,239 67,195 0.1% 317,835 259,235 22.6% 762,803 669,791 13.9% All Other 238,991 236,057 1.2% 1,290,290 1,231,086 4.8% 3,096,696 3,012,041 2.8% TOTAL 2,886,609 3,757,838-23.2% 15,341,726 15,772,774-2.7% 36,820,141 38,125,982-3.4% SUBTOTAL Finished Imports 2,418,254 2,877,379-16.0% 12,132,048 12,082,938 0.4% 29,116,914 29,560,912-1.5%
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 2018 2018 May YTD YTD '18 2018 2017 2018 (Prelim.) final vs. Apr. 2018 2017 vs. '17 Ann. 12 mo. vs. '17 South Korea 110 475-76.8% 1,532 1,540-0.5% 3,676 3,753-2.0% Japan 120 99 21.6% 612 660-7.3% 1,469 1,504-2.4% Turkey 92 146-37.2% 567 1,142-50.3% 1,361 2,191-37.9% Germany 140 120 16.3% 549 486 13.0% 1,318 1,405-6.3% Taiwan 77 115-32.9% 467 497-5.9% 1,122 1,245-9.9% Brazil 75 95-20.3% 401 319 25.8% 962 987-2.5% Vietnam 75 131-43.3% 386 355 8.8% 927 749 23.8% China 70 53 30.6% 330 339-2.6% 792 813-2.6% All Other 1,659 1,643 1.0% 7,288 6,746 8.0% 17,491 16,914 3.4% Total 2,418 2,877-16.0% 12,132 12,083 0.4% 29,117 29,561-1.5%
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 300 275 9.3% Sheets & Strip Galv. Hot Dipped 296 215 37.6% Sheets Hot Rolled 245 174 40.7% Sheets Cold Rolled 231 187 23.7% Line Pipe 195 160 21.9% Plates in Coils 160 103 55.4% Bars - Reinforcing 159 63 153.0% Bars - Hot Rolled 120 119 1.0% Wire Rods 103 89 15.9% Standard Pipe 91 82 11.2% All Other 692 611 13.4% Total 2,594 2,077 24.9% 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 301 274 9.8% Japan 124 107 16.1% Turkey 124 85 46.4% Germany 111 106 4.6% Vietnam 96 49 94.6% Taiwan 91 79 15.2% Brazil 83 83 0.2% Russia 71 36 95.6% China 64 64-0.7% Italy 57 29 96.2% All Other 1,473 1,165 26.4% Total 2,594 2,077 24.9%
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 4 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Monthly Imports 2018 vs. 2017 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 0.5 0.5 0.6 0.5 0.9 0.8 0.8 0.9 0.9 0.5 0.9-0.6-0.9-0.6-0.6-0.6-0.6 - Finished 2.3 2.3 2.1 2.0 2.5 2.5 2.5 2.9 2.6 2.4 3.0-2.9-2.5-2.5-2.6-2.2-1.9 - % change finished imports May 2018 vs May 2017 = -7.2% 3 Month Rolling Averages and 2018 vs. 2017 Finished Semi-finished 45 40 35 30 25 20 15 10 5 0 3 Mos. Prior 3 Mos. Rolling Rolling Avg. Avg. 2017 2018* Semi-finished 0.527 0.733 8.565 7.703 Finished 2.077 2.594 29.561 29.117 % 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
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 www.steel.org. Follow AISI on Facebook or Twitter (@AISISteel). -#####-