Steel Imports Up 15% in 2017; Finished Import Market Share Increased to 27%

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 2,446,000 net tons (NT) of steel in December 2017, including 1,877,000 net tons (NT) of finished steel (down 11.4% and 13.5%, respectively, vs. November final data). For the full year of 2017, total and finished steel imports are 38,121,000 and 29,558,000 net tons (NT), up 15.4% and 12.2%, respectively, compared to full year 2016. Finished steel import market share was an estimated 22% in December and is estimated at 27% for full year 2017.

Major products with significant increases for full year 2017 vs. 2016 include oil country goods (up 196%), line pipe (up 63%), standard pipe (up 40%), mechanical tubing (up 30%), hot rolled bars (up 23%), cold rolled sheets (up 16%), sheets and strip all other metallic coatings (up 14%) and sheets and strip hot dipped galvanized (up 10%).

Read the full report here.