News Release FOR IMMEDIATE RELEASE June 25, 2013 CONTACT Lisa Harrison 202.452.7115/ lharrison@steel.org PRELIMINARY STEEL IMPORTS INCREASE 2% IN MAY Import Market Share 23% in May 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 2,802,000 net tons (NT) of steel in May, including 2,123,000 net tons (NT) of finished steel (up 2% and down 1%, respectively, vs. April final data). Year-to-date (YTD) total and finished steel imports are 13,236,000 and 10,359,000 net tons (NT), respectively, down 11% and 9% vs. 2012. Annualized total and finished steel imports in 2013 would be 31.8 and 24.9 million NT, down 5% and 4% respectively vs. 2012. Finished steel import market share was an estimated 23% in May and is estimated at 23% YTD. Key finished steel products with a significant import increase in May 2013 compared to April are reinforcing bar (up 269%), hot rolled bars (up 63%), wire rods (up 28%) and sheets and strip hot dipped galvanized (up 15%). % var ( 5 mo) ( 5 mo ) % var % var May Apr. May vs. YTD YTD '13 vs. 2013 2012 2013 ann. Steel Mill Product (prelim.) final Apr. 2013 2012 '12 Ann. 12 mo. vs 2012 12 mo. Ingots and Billets and Slabs 674,459 590,056 14.3% 2,861,589 3,395,859-15.7% 6,867,814 7,605,694-9.7% Oil Country Goods 246,058 263,217-6.5% 1,264,254 1,627,072-22.3% 3,034,210 3,619,704-16.2% Line Pipe 214,445 237,977-9.9% 1,130,991 1,188,709-4.9% 2,714,378 2,774,485-2.2% Sheets Hot Rolled 177,283 231,692-23.5% 1,079,519 1,182,909-8.7% 2,590,846 2,815,577-8.0% Sheets & Strip Galv Hot Dipped 184,852 161,141 14.7% 888,785 830,295 7.0% 2,133,083 2,002,258 6.5% Bars - Hot Rolled 197,268 120,811 63.3% 698,818 660,351 5.8% 1,677,162 1,543,965 8.6% Sheets Cold Rolled 116,891 124,322-6.0% 635,966 648,496-1.9% 1,526,319 1,620,978-5.8% Bars - Reinforcing 141,952 38,448 269.2% 540,585 552,287-2.1% 1,297,405 979,433 32.5% Plates Cut Lengths 77,432 138,657-44.2% 477,113 611,829-22.0% 1,145,070 1,391,859-17.7% Plates in Coils 71,155 126,110-43.6% 457,520 707,444-35.3% 1,098,048 1,542,156-28.8% Wire Rods 109,920 85,787 28.1% 391,237 539,513-27.5% 938,968 1,096,440-14.4% Standard Pipe 77,581 93,596-17.1% 377,051 415,763-9.3% 904,921 966,719-6.4% Wire Drawn 65,104 64,076 1.6% 305,023 285,392 6.9% 732,055 683,930 7.0% Sheets & Strip All Other Met. 56,332 70,094-19.6% 291,168 318,359-8.5% 698,803 662,213 5.5% Structural Shapes Heavy 55,218 52,091 6.0% 259,039 239,224 8.3% 621,694 482,158 28.9% Mechanical Tubing 44,236 50,507-12.4% 224,159 299,713-25.2% 537,981 658,305-18.3% Tin Plate 52,073 41,115 26.7% 217,708 187,869 15.9% 522,498 470,802 11.0% All Other 239,890 248,776-3.6% 1,135,161 1,120,598 1.3% 2,724,388 2,557,892 6.5% TOTAL 2,802,149 2,738,473 2.3% 13,235,686 14,811,682-10.6% 31,765,643 33,474,568-5.1% SUBTOTAL Finished Imports 2,123,053 2,145,052-1.0% 10,358,673 11,400,707-9.1% 24,860,816 25,825,787-3.7%
May Preliminary Imports Increase 2%; YTD Import Market Share at 23% in May / Page 2 In May, the largest volumes of finished steel imports from offshore were all from Asia and Europe. They were from South Korea (250,000 NT, down 9%), China (184,000 NT, up 66%), Turkey (171,000 NT, up 158%), Japan (169,000 NT, down 19%) and India (85,000 NT, up 43%). For five months of 2013, the largest offshore suppliers were South Korea (1,488,000 NT, down 6%), Japan (826,000 NT, down 3%), China (743,000 NT, up 22%), Turkey (640,000 NT, down 22%) and Germany (450,000 NT, down 13%). Below are charts on estimated steel import market share in recent months and on finished steel imports from offshore by country. 28% Estimated Finished Steel Import Market Share for the Past 12 Months 26% 24% 22% 20% 18% JUNE JULY AUG SEP OCT NOV DEC JAN FEB MAR APR MAY 2013 BY COUNTRY OF ORIGIN % incr. (5 mo) ( 5 mo ) % incr. 2013 % incr. COUNTRY May Apr. May YTD YTD '13 YTD full year 2012 2013 2013 2013 vs Apr. 2013 2012 vs. '12 (est.) Annual vs. '12 South Korea 250 276-9.1% 1,488 1,574-5.5% 3,571 3,651-2.2% Japan 169 208-18.9% 826 851-2.9% 1,983 1,931 2.7% China 184 111 65.5% 743 611 21.6% 1,784 1,652 8.0% Turkey 171 66 158.3% 640 816-21.5% 1,537 1,347 14.1% Germany 64 138-54.0% 450 514-12.5% 1,079 1,279-15.6% India 85 60 42.7% 329 360-8.5% 789 762 3.6% Taiwan 46 81-42.8% 308 399-22.9% 738 833-11.4% All Other 1,152 1,204-4.3% 5,575 6,277-11.2% 13,380 14,372-6.9% Total 2,123 2,145-1.0% 10,359 11,401-9.1% 24,861 25,826-3.7%
May Preliminary Imports Increase 2%; YTD Import Market Share at 23% in May / Page 3 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Product 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior Mar. - May. Dec. '12 - Feb '13 % Change Oil Country Goods 254 229 11.1% Line Pipe 224 216 4.1% Sheets Hot Rolled 210 238-11.8% Sheets & Strip Galv HD 178 162 9.8% Bars - Hot Rolled 150 123 22.1% Sheets Cold Rolled 120 141-15.0% Bars - Reinforcing 114 87 31.2% Plates Cut Lengths 99 82 20.8% Plates in Coils 92 105-12.9% Wire Rods 86 63 35.3% All Other 584 491 18.9% Total 2,110 1,936 9.0% 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Country 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior Mar. - May. Dec. '12 - Feb '13 % Change South Korea 281 267 5.3% Japan 187 118 58.7% China 144 160-10.2% Turkey 130 99 31.3% Germany 92 100-8.3% India 73 51 44.5% Taiwan 65 57 13.1% Italy 57 36 58.7% Netherlands 45 49-9.7% United Kingdom 37 43-13.9% All Other 998 955 4.5% Total 2,110 1,936 9.0%
Millions of Net Tons Millions of Net Tons May Preliminary Imports Increase 2%; YTD Import Market Share at 23% in May / Page 4 3.5 Monthly Imports 2013 vs. 2012 Finished Semi-finished 3.0 2.5 2.0 1.5 1.0 0.5 0.0 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 '12 '13 JAN FEB M AR APR M AY JUN JUL AUG SEP OCT NOV DEC Semi-finished 0.6 0.5 0.6 0.6 0.8 0.5 0.7 0.6 0.7 0.7 0.6-0.6-0.6-0.6-0.5-0.7-0.7 - Finished 2.2 2.1 2.1 1.9 2.2 2.1 2.5 2.1 2.4 2.1 2.2-2.2-2.0-2.0-2.1-2.0-1.8 - % change finished imports May 2013 vs May 2012 = -12.0% 3 Month Rolling Averages and 2013 vs. 2012 40 Finished Semi-finished 30 20 10 0 3 Mos. Prior Rolling Avg. 3 Mos. Rolling Avg. 2012 2013* Semi-finished 0.594 0.594 7.649 6.905 Finished 1.936 2.110 25.826 24.861 % change finished imports 3 Mos. Rolling Avg. vs. 3 Mos. Prior = +9.0% % change semi-finished imports 2013 vs 2012 = -9.7% % change finished imports 2013 vs 2012 = -3.7% * annualized
May Preliminary Imports Increase 2%; YTD Import Market Share at 23% in May / 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 125 associate members who are suppliers to or customers of the steel industry. AISI s member companies represent over three quarters of both U.S. and North American steel capacity. For more news about steel and its applications, view AISI s website at www.steel.org. -#####-