US steel imports up 25% in March

Figures released by the US Census Bureau show that US steel imports for March 2017 totalled 3.39Mt (net tons) including 2.51Mt (net tons) of finished steel – up 24.8% and 21% respectively when compared with February 2017.

According to an announcement by the American Iron and Steel Institute (AISI) total and finished steel imports for the year-to-date through the first three months of 2017 totalled 8.93Mt (net tons) and 6.92Mt (net tons) respectively – up 18.7% and 7.8% respectively when compared with the same period in 2016.

The annualised figure for total and finished steel imports in 2017 would be 35.7Mt (net tons) and 27.7Mt (net tons), up 8.2% and 5.2% respectively.

Finished steel imports market share was an estimated 26% and is estimated at 25% year-to-date.

In March South Korea exported the largest volume of finished steel into the USA, up 22% when compared with February at 317kt. Turkey was the second biggest exporter at 298kt, up 52% and Japan followed third with 135kt, up 35%. In fourth place was Germany with 93kt, up 77% and in fifth place was Taiwan with 90kt, up 12%.

Over the first three months of 2017 South Korea was the largest offshore supplier with 889kt (net tons), down 1% when compared with the same period in 2016. Taiwan was second with 304kt, up 94%. Taiwan shipped 304kt, up 94% and Vietnam exported 249kt, up 32%.