News Release FOR IMMEDIATE RELEASE August 24, 2018 CONTACT Lisa Harrison 202.452.7115/lharrison@steel.org 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 2017. 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. 2017. 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 2018 2018 Jul. vs. YTD YTD '18 vs. 2018 2017 2018 Steel Mill Product (prelim.) final Jun. 2018 2017 '17 Ann. 12 mo. vs 2017 Ingots and Billets and Slabs 798,376 639,325 24.9% 4,649,473 5,209,083-10.7% 7,970,524 8,519,484-6.4% Oil Country Goods 217,662 200,342 8.6% 1,933,890 1,980,274-2.3% 3,315,240 3,416,194-3.0% Sheets & Strip Galv Hot Dipped 256,523 274,751-6.6% 1,858,064 2,114,874-12.1% 3,185,252 3,421,194-6.9% Sheets Hot Rolled 243,182 168,951 43.9% 1,518,516 1,275,031 19.1% 2,603,171 2,129,384 22.2% Sheets Cold Rolled 191,187 170,201 12.3% 1,410,178 1,791,143-21.3% 2,417,448 2,932,375-17.6% Line Pipe 189,034 162,077 16.6% 1,297,109 1,198,278 8.2% 2,223,616 2,234,960-0.5% Plates in Coils 133,870 108,056 23.9% 930,903 777,114 19.8% 1,595,834 1,365,316 16.9% Bars - Reinforcing 150,335 47,953 213.5% 811,271 1,184,742-31.5% 1,390,750 1,566,310-11.2% Bars - Hot Rolled 93,576 88,462 5.8% 789,538 853,647-7.5% 1,353,493 1,453,127-6.9% Wire Rods 85,361 82,271 3.8% 659,976 1,075,553-38.6% 1,131,387 1,581,077-28.4% Standard Pipe 74,736 68,332 9.4% 585,300 735,627-20.4% 1,003,371 1,165,069-13.9% Sheets & Strip All Other Met. Ctd. 94,592 76,704 23.3% 579,807 767,517-24.5% 993,955 1,173,623-15.3% Wire Drawn 58,576 60,023-2.4% 478,284 520,229-8.1% 819,915 856,820-4.3% Tin Plate 76,482 49,362 54.9% 476,972 527,187-9.5% 817,667 941,400-13.1% Mechanical Tubing 51,838 46,776 10.8% 416,429 389,510 6.9% 713,879 669,791 6.6% Structural Shapes Heavy 50,167 22,552 122.5% 411,438 554,175-25.8% 705,323 859,808-18.0% Plates Cut Lengths 45,382 34,542 31.4% 398,628 490,360-18.7% 683,362 828,010-17.5% All Other 167,575 193,870-13.6% 1,656,183 1,767,765-6.3% 2,839,171 3,012,041-5.7% TOTAL 2,978,455 2,494,550 19.4% 20,861,959 23,212,109-10.1% 35,763,358 38,125,982-6.2% SUBTOTAL Finished Imports 2,179,312 1,854,564 17.5% 16,190,371 17,979,515-10.0% 27,754,921 29,560,912-6.1%
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 2018 2018 July YTD YTD '18 2018 2017 2018 (Prelim.) final vs. June 2018 2017 vs. '17 Ann. 12 mo. vs. '17 South Korea 189 211-10.2% 1,932 2,269-14.9% 3,312 3,753-11.8% Japan 132 129 2.6% 873 937-6.9% 1,496 1,504-0.5% Germany 98 111-12.0% 758 751 1.0% 1,300 1,405-7.5% Turkey 74 80-8.1% 721 1,726-58.2% 1,236 2,191-43.6% Taiwan 99 93 6.6% 659 785-16.0% 1,130 1,245-9.2% Vietnam 118 122-3.7% 626 484 29.4% 1,074 749 43.4% China 48 50-4.0% 429 511-16.0% 736 813-9.5% Italy 107 33 225.0% 359 276 29.9% 615 496 24.1% All Other 1,314 1,025 28.2% 9,833 10,241-4.0% 16,856 17,405-3.2% Total 2,179 1,855 17.5% 16,190 17,980-10.0% 27,755 29,561-6.1%
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 263 282-6.9% Oil Country Goods 227 293-22.4% Sheets Hot Rolled 214 227-5.8% Sheets Cold Rolled 189 220-13.9% Line Pipe 175 192-8.5% Plates in Coils 135 138-2.5% Bars - Reinforcing 121 118 2.9% Wire Rods 101 95 6.9% Bars - Hot Rolled 97 121-19.8% Sheets & Strip All Other Met. Ctd. 80 83-3.4% All Other 556 692-19.7% Total 2,159 2,460-12.2% 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 170 361-52.9% Japan 127 116 9.1% Germany 116 106 9.6% Vietnam 105 82 28.4% Taiwan 90 91-1.4% Turkey 82 112-26.9% Italy 72 40 81.6% China 56 63-10.6% Netherlands 56 37 51.4% Austria 39 22 75.3% All Other 1,245 1,430-12.9% Total 2,159 2,460-12.2%
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 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 0.6 0.8 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 1.9 2.9 2.2 2.5-2.5-2.6-2.2-1.9 - % change finished imports July 2018 vs July 2017 = -25.1% 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 0.731 0.643 8.565 8.008 Finished 2.460 2.159 29.561 27.755 % 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% *
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 www.steel.org. Follow AISI on Facebook or Twitter (@AISISteel). -#####-