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 2,966,000 net tons (NT) of steel in August 2018, including 2,010,000 net tons (NT) of finished steel (down 0.8% and 8.1%, respectively, vs. July final data). Year-to-date (YTD) through eight months of 2018, total and finished steel imports are 23,839,000 and 18,208,000 net tons (NT), down 10.4% and 11.0%, respectively, vs. the same period in 2017. Annualized total and finished steel imports in 2018 would be 35.8 and 27.3 million NT, down 6.2% and 7.6%, respectively, vs. 2017. Finished steel import market share was an estimated 21% in August and is estimated at 24% YTD.
Key finished steel products with a significant import increase in August compared to July were wire rods (up 30%) and cut lengths plates (up 13%). Major products with significant year-to-date (YTD) increases vs. the same period in 2017 include plates in coils (up 21%) and hot rolled sheets (up 18%).
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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).