Washington, D.C. – Based on final Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 2,385,000 net tons (NT) of steel in November 2018, including 1,921,000 net tons (NT) of finished steel (down 27.2% and 4.1%, respectively, vs. October final data). Through the first 11 months of 2018, total and finished steel imports are 31,834,000 and 24,016,000 net tons (NT), down 10.8% and 13.2%, respectively, vs. the same period in 2017. Annualized total and finished steel imports in 2018 would be 34.7 and 26.2 million NT, down 8.9% and 11.4%, respectively, vs. 2017. Finished steel import market share was an estimated 21% in November and is estimated at 23% over the first 11 months of 2018.
Key finished steel products with a significant import increase in November compared to October were heavy structural shapes (up 67%), wire rods (up 57%), sheets and strip all other metallic coatings (up 24%), and mechanical tubing (up 12%). Major products with significant year-to-date (YTD) increases vs. the same period in 2017 include hot rolled sheets (up 22%) and plates in coils (up 16%).
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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).