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 3,738,000 net tons (NT) of steel in April 2018, including 2,860,000 net tons (NT) of finished steel (up 12.1% and 15.1%, respectively, vs. March final data). Year-to-date (YTD) through four months of 2018, total and finished steel imports are 12,436,000 and 9,696,000 net tons (NT), up 1.1% and 2.3%, respectively, vs. the same period in 2017. Annualized total and finished steel imports in 2018 would be 37.3 and 29.1 million NT, down 2.1% and 1.6%, respectively, vs. 2017. Finished steel import market share was an estimated 29% in April and is estimated at 26% YTD.
Key finished steel products with significant import increases in April compared to March include line pipe (up 87%), heavy structural shapes (up 57%), tin plate (up 53%), reinforcing bars (up 47%), hot rolled bars (up 39%), sheets and strip hot dipped galvanized (up 24%), sheets and strip all other metallic coatings (up 23%), standard pipe (up 20%), cut lengths plates (up 16%), and plates in coils (up 11%). Major products with significant year-to-date (YTD) increases vs. the same period in 2017 include plates in coils (up 43%), hot rolled sheets (up 40%), line pipe (up 31%), oil country goods (up 25%), mechanical tubing (up 23%) and hot rolled bars (up 12%).
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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).