The February 2016 steel import figures from US Census Bureau data show that preliminary imports fell 17% and that the USA imported 2.2Mt (net tons) of steel, which included 2Mt (net tons) of finished steel.
Year-to-date (January and February 2016) total and finished steel imports were 4.8Mt (net tons) and 4.3Mt (net tons) respectively, down 40% and 34% when compared with the same period in 2015.
The annualised total steel imports for 2016 would be 29.2Mt (net tons) and 25.8Mt (net tons) respectively – down 25% and 18% when compared with 2015.
The finished steel import market share for February was an estimated 26% and is estimated at 26% year-to-date.
There was a significant increase in imports of rebar (up 32%); tin plate (up 53%); structural pipe and tubing (up 12%); and sheets and strip all metallic coatings (up 11%).
South Korea, Turkey, Japan, Germany and China were responsible for the largest volumes of finished steel imports into the USA. South Korea exported 374kt (up 55%); Turkey 207kt (down 16%); Japan 114kt (down 40%); Germany 80kt (down 33%); and China 80kt (down 12%).
Year-to-date, the largest offshore suppliers were the same countries with South Korea supplying 615kt, down 53%; Turkey 450kt, down 23%; Japan 299kt, down 34%; Germany 200kt, down 32%; and China 172kt, down 63%.