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Steel Imports Steady in December, 30 Percent of Market Share in 2014, Reports AISI

Wednesday, January 28, 2015
 
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) has reported that the United States imported a total of 3,620,000 net tons of steel in December 2014, including 2,941,000 net tons of finished steel − down 2.0 percent and up 0.1 percent, respectively, versus November. Full-year 2014 total and finished steel imports are 44,320,000 and 33,733,000 net tons, respectively, up 38 and 36 percent respectively, versus 2013.
The finished-steel import market share was an estimated 30 percent in December and is estimated at 28 percent for 2014. Key finished steel products with a significant import increase in December compared to November are wire rods (up 36 percent), line pipe (up 18 percent), standard pipe (up 13 percent), hot rolled bars (up 11 percent) and plates in coils (up 10 percent).
In December, the largest volumes of finished steel imports from offshore were from South Korea (418,000 net tons, down 11 percent versus November final), China (217,000 net tons, down 16 percent), Japan (185,000 net tons, up 20 percent), Russia (181,000 net tons, up 415 percent) and Germany (164,000 net tons, up 38 percent).
For more news about steel and its applications, view AISI’s website at www.steel.org.

 

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