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 3,327,000 net tons (NT) of steel in March 2018, including 2,480,000 net tons (NT) of finished steel (up 34.2% and 23.0%, respectively, vs. February final data). Year-to-date (YTD) through three months of 2018, total and finished steel imports are 8,690,000 and 6,831,000 net tons (NT), down 3.0% and 1.7%, respectively, vs. the same period in 2017. Annualized total and finished steel imports in 2018 would be 34.8 and 27.3 million NT, down 8.8% and 7.6%, respectively, vs. 2017. Finished steel import market share was an estimated 26% in March and is estimated at 25% YTD.
Key finished steel products with significant import increases in March compared to February include reinforcing bars (up 215%), plates in coils (up 60%), cold rolled sheets (up 42%), hot rolled sheets (up 42%), sheets and strip hot dipped galvanized (up 30%), standard pipe (up 27%), oil country goods (up 27%), mechanical tubing (up 27%), and sheets and strip all other metallic coatings (up 12%). Major products with significant year-to-date (YTD) increases vs. the same period in 2017 include oil country goods (up 41%), hot rolled sheets (up 39%), plates in coils (up 33%), mechanical tubing (up 26%), hot rolled bars (up 17%) and line pipe (up 10%).
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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).