Steel import permit applications for the month of April totalled 3.96Mt (net tons), an increase of 11.2% when compared with March permit tonnage figures of 3.56Mt (net tons). The latest figure represents a 19% increase from March final imports of 3.35Mt (net tons).
These figures come from the US Commerce Department’s most recent Steel import Monitoring and Analysis (SIMA) date and are reported by the American Iron and Steel Institute (AISI).
Import permit tonnage for finished steel in April was up 17.6% to 2.92Mt (net tons) and for Q1 2018 total and finished steel imports were 12.6Mt (net tons) and 9.76Mt (net tons) respectively, up 2.9% and 3.0% from the same period in 2017.
The estimated finished steel import market share in April was 29% and is 26% year-to-date, according to the AISI.
Finished steel imports with large increases in April permits versus the March final figures included line pipe (up 75%), heavy structural shapes (up 68%), sheets and strip all other metallic coatings (up 65%), reinforcing bars (up 59%), tin plate (up 59%), hot rolled bars (up 40%), sheets and strip hot dipped galvanized (up 31%), and cut lengths plates (up 13%). Products with significant year-to date increases compared with the same period last year include plates in coils (up 42%), hot rolled sheets (up 42%), line pipe (up 28%), mechanical tubing (up 25%), oil country goods (up 23%) and hot rolled bars (up 13%).
In April, the largest finished steel import permit applications for offshore countries were for South Korea (434kt, up 37% from March final), Turkey (201kt, up 50%), Vietnam (131kt, up 61%), Taiwan (127kt, up 61%) and Germany (126kt, up 71%). Through the first four months of 2018, the largest offshore suppliers were South Korea (1.38Mt, up 14% on last year), Turkey (531kt, down 46%) and Japan (491kt, down 6%). All figures quoted are net tons.