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Finished Import Market
         Share YTD at 25% in
         February
           Based on  preliminary  Census  Bu-
         reau data, the American Iron and Steel
         Institute (AISI) reported that the U.S.
         imported a total of 2,685,000 net tons
         (NT) of steel in February 2017, includ-
         ing 2,043,000 net tons (NT) of finished
         steel (down  4.6% and 12.3%, respec-
         tively,  vs.  January  final  data).  Year-
         todate  (YTD)  through  two  months  of
         2017,  total  and  finished  steel  imports
         are 5,499,000 and 4,373,000 net tons
         (NT), up 11.7% and 1.1%, respectively,
         vs.  the  same  period  in  2016. Annual-
         ized  total  and  finished  steel  imports
         in 2017 would be 33.0 and 26.2 million
         NT, down 0.1% and 0.4%, respectively,
         vs. 2016. Finished steel import market
         share was an estimated 25% in Febru-
         ary and is estimated at 25% YTD.
           Key finished steel products with sig-
         nificant  import  increases  in  February
         compared to January include line pipe
         (up 51%), wire  rods  (up 27%) and tin
         plate (up 17%). Major products with sig-
         nificant YTD import increases vs. the
         same period last year include oil coun-
         try goods (up 87%), sheets and strip all
         other metallic coatings (up 60%), cold
         rolled sheets (up 40%), sheets and strip
         hot dipped galvanized (up 27%), rein-
         forcing  bars (up 21%), standard  pipe   totaled 2,728,000 net tons (NT)*. This   In  February,  the  largest  finished
         (up 19%) and tin plate (up 17%).   was a 7.6% decrease from the 2,953,000   steel import permit applications for off-
           In February, the largest volumes of   permit tons recorded in January and a   shore countries were for South Korea
         finished  steel  imports  from  offshore   3.0%  decrease  from  the  January  final   (292,000 NT, down 6% from January
         were from South Korea (260,000 NT,   imports total of 2,814,000 NT. Import   final), Turkey (172,000 NT, down 44%),
         down  17%  from  January  final),  Tur-  permit tonnage for finished steel in Feb-  Japan (103,000 NT, down 30%), Tai-
         key (196,000 NT, down 36%), Taiwan   ruary was 2,080,000, down 10.7% from   wan (88,000 NT, down 21%) and India
         (103,000 NT, down 7%), Japan (100,000   the  final  imports  total  of  2,330,000  in   (68,000 NT, up 95%). Through the first
         NT, down 32%) and Vietnam (71,000   January.  For  the  first  two  months  of   two months of 2017, the largest offshore
         NT, down 35%). For the first two months   2017 (including February SIMA per-  suppliers  were  South  Korea  (604,000
         of 2017, the largest offshore suppliers   mits and January final data), total and   NT, down 2% from the same period in
         were South Korea (572,000 NT, down   finished  steel  imports  were  5,543,000   2016), Turkey (478,000 NT, up 6%) and
         8% vs. the same period in 2016), Turkey   NT  and  4,409,000  NT,  up  12.6%  and   Japan (248,000 NT, down 18%).
         (503,000 NT, up 11%), Japan (245,000   1.9%, respectively, from the same peri-
         NT, down 19%), Taiwan (214,000 NT,   od in 2016. The estimated finished steel  Preliminary steel imports
         up 107%) and Vietnam (179,000 NT,   import market share in February was   increase 2.6% in January
         up 29%). Below are charts on estimat-  25% and is 25% year-to-date (YTD).  Finished import market share at 27%
         ed steel import market share in recent   Finished  steel  imports  with  large   Based  on  preliminary  Census  Bu-
         months  and  on  finished  steel  imports   increases in February permits vs. the   reau data, the American Iron and Steel
         from offshore by country.          January  final  included  line  pipe  (up   Institute (AISI) reported that the U.S.
                                            61%) and wire rods (up 30%). Products   imported a total of 2,769,000 net tons
         AISI releases February             with  significant  year-to-date  (YTD)   (NT) of steel in January 2017, including
         SIMA imports data                  increases vs. the same period in 2016   2,285,000 net tons (NT) of finished steel
         Import Market Share 25% in Feb.    include  oil  country  goods  (up  91%),   (up 2.6% and 5.9%, respectively, vs. De-
           Based on the Commerce Depart-    sheets and strip all other metallic coat-  cember  final  data).  Total  and  finished
         ment’s most recent Steel Import Moni-  ings  (up 54%), cold  rolled  sheets  (up   steel imports are up 4.6% and 2.5%, re-
         toring and Analysis (SIMA) data, the   45%), sheets and strip hot dipped gal-  spectively, vs. the same period in 2016.
         American Iron and Steel Institute   vanized (up 30%), mechanical tubing   Finished steel import market share was
         (AISI) reported that steel import permit   (up 27%), standard pipe (up 19%) and   an estimated 27% in January.
         applications for the month of February   tin plate (up 12%).                           continued on page 36

         34     Wire Rope News & Sling Technology   April 2017
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