U.S. Census Bureau releases its report on steel imports for July 2019

Source: AISI

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According to U.S. Census Bureau data, the U.S. imported 3,028,000 net tons (NT) of steel in July 2019, of which 1,843,000 NT are finished steel. This represents an increase of 48.3% and 6.6%, respectively, compared to June 2019 data. When considering imports for the year, data show that the U.S. imported a total of 18,666,000 NT (and 13,536,000 NT of finished steel) through the first seven months of 2019. When compared with the same period in 2018, imports have decreased 10.6% and 16.4%, respectively. AISI report suggests that annualized imports for 2019 would be 32.0 and 23.2 million NT for total and finished steel. As such, those numbers represent a 5.1% and 9.7% decrease, respectively, compared to 2018 data.

The finished steel products with a significant increase in imports between June and July were: cut-lengths plates (up 55%); line pipe (up 29%); hot-rolled bars (up 24%); plates-in coils (up 23%), standard pipe (up 21%), hot-rolled sheets (up 19%); sheets and strip hot-dipped-galvanized (up 18%); wire rods (up 16%); mechanical tubing (up 16%); sheets and strip all other metallic coatings (up 11%); and heavy structural shapes (up 10%).

The finished steel imports in July 2019 originated primarily in South Korea (180K NT), Japan (87K NT), Taiwan (83K NT), Brazil (80K NT), and Germany (75K NT). Similarly, for the first seven months of 2019, the largest volume of finished steel imports originated in South Korea (1,629K NT), Japan (810K NT), Germany (692K NT), Taiwan (606K NT), and Vietnam (496K NT).

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