Steel Imports Into the US Up in January

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Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) recently reported that the U.S. imported a total of 2,577,000 net tons (nt) of steel in January 2016, including 2,217,000 nt of finished steel (up 10% and 8.8%, respectively, vs. December final data).

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Year-to-date total and finished steel imports are 2,577,000 and 2,217,000 nt, respectively, down 41% and 38% respectively, vs. the same period in 2015. Finished steel import market share was an estimated 26% in January.

AISI_Steel_imports_550

Finished steel imports into the U.S. in January 2016. Source: AISI.

Key finished steel products with a significant import increase in January compared to December 2015 are oil country tubular goods (up 107%), standard pipe (up 68%), hot-rolled sheets (up 53%), line pipe (up 47%), structural pipe and tubing (up 43%), plates in coils (up 25%) and wire drawn (up 12%).

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