In data circulated by the American Institute for International Steel (AIIS), US steel imports increased in May over April by 2.3% based on preliminary government reporting.
Total Steel imports in May 2013 increased 2.3% from 2.801M stons compared to 2.738M stons in April 2013, which nonetheless represents an 8.6% decrease compared to May 2012. For the year-to-date period, imports declined by 10.6% compared to 2012.
The data show that imported semifinished products increased by 4.1% in May 2013 compared to May 2012, from 652k stons in 2012 to 679k stons in 2013, based on preliminary reporting. This increase in semifinished imports for use by domestic mills was greater than the increase in total imports.
However, for the year-to-date period, imported semifinished products decreased by 10.6% from 13.235M stons in the first five months of 2013 to 14.812M stons in the same period 2012.
Canada was the greatest source of imports year to date at 2.34M ston, followed by the EU (1.946M ston, Brazil (1.78M ston, S Korea (1.55M ston). Imports from China amounted to 745kt, but these were up 21.4% on the same period 2012.
Slow conditions in the US economy are continuing to depress imports, domestic shipments, and pricing.