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AISI: Preliminary U.S. Steel Imports Increase 2% in May
06/25/2013 - The American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,802,000 tons of steel in May, including 2,123,000 tons 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 tons, respectively, down 11% and 9% vs. 2012.
Annualized total and finished steel imports in 2013 would be 31.8 and 24.9 million tons, 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%).
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