YTD Steel Imports Down More than 20 Percent in Q1
By Metal Center News Staff
on May 11, 2020
Imports of total steel products declined 21.7 percent and finished imports were down 25.6 percent through the first three months of the year, the American Iron and Steel Institute reported. Total imports were at 6.4 million and finished imports totaled 4.5 million tons.
In March, the U.S. imported 1.8 million tons, including 1.5 million tons of finished steel. Total imports were up 15.9 percent and finished imports climbed 12.1 percent compared with February.
Finished steel import market share was an estimated 17 percent in March and for the year to date.
Key finished steel products with a significant import increase in March compared to February were OCTG products, up 129 percent; line pipe, up 93 percent; structural pipe and tubing, up 52 percent; and cold-rolled sheet, up 30 percent.
In March, the largest volumes of finished steel imports were from South Korea at 205,000 tons, up 29 percent compared with February; Germany at 69,000 tons, up 33 percent; Taiwan at 61,000 tons, up 87 percent; and Japan at 56,000 tons, down 19 percent. For the year to date, South Korean imports totaled 545,000 tons, down 24 percent; Japan was at 202,000 tons, down 39 percent; Germany at 169,000 tons, down 45 percent; and Turkey at 156,000 tons, up 22 percent.