Steel News

Preliminary U.S. Steel Imports Increase 9% in October

11/27/2013 - U.S. steel imports rose from September to 2,233,000 tons in October 2013, the American Iron and Steel Institute (AISI).
Based on preliminary U.S. Census Bureau data, AISI reported that the U.S. imported a total of 3,059,000 tons of steel in October, including 2,233,000 tons of finished steel (up 8.5% and 2.7%, respectively, vs. September final data). Year-to-date (YTD) total and finished steel imports are 27,010,000 and 20,986,000 net tons (tons), respectively, down 5% each, respectively, vs. 2012.
Annualized total and finished steel imports in 2013 would be 32.4 and 25.2 million tons, down 3% each, respectively vs. 2012. Finished steel import market share was an estimated 24% in October and is estimated at 23% YTD.
Key finished steel products with a significant import increase in October 2013 compared to September are sheets and strip all other metallic coatings (up 89%), oil country goods (up 53%), cold rolled sheets (up 34%) and sheets and strip galvanized hot dipped (up 31%).
Major products with significant YTD import increases vs. the same period last year include reinforcing bars (up 25%), hot rolled bars (up 16%) and sheets and strip all other metallic coatings (up 12%).