Steel Imports Up 14% In August
Oct 16, 2013
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Using preliminary Census Bureau data, the American Iron and Steel Institute (AISI) is reporting that the United States imported 2,870,000 net tons (NT) of steel in August, up 13.9% from July 2013.

This includes 2,199,000 net tons (NT) of finished steel, up 9.8% from July.

Year-to-date (YTD) total steel imports were 21,123,000 NT, down 9% from 2012.

Finished steel imports were 16,569,000 NT, down 7% from 2012.

AISI reported that annualized total imports in 2013 would be 31.7 million NT, down 5% from 2012. Annualized finished steel imports were 24.9 million NT, down 4% vs. 2012.

Finished steel import market share was estimated at 24% in August 2013 and is estimated at 23% YTD.

The largest volumes of finished steel imports in August were mostly from Asia and Europe.

* Imports from South Korea were 355,000 NT, up 17% from July.
* Imports from Japan were 182,000 NT, up 23%.
* Imports from Argentina were 111,000 NT, up 937%.
* Imports from China were 109,000 NT, down 38%.
* Imports from Turkey were 93,000 NT, up 59%.

In the first eight months of 2013, the largest offshore suppliers were:
* South Korea: 2,416,000 NT, down 3%
* Japan: 1,288,000 NT, down 5%
* China: 1,184,000 NT, up 9%
* Turkey: 891,000 NT, down 17%
* Germany: 717,000 NT, down 13%

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