Steel Imports Down 11% Year-to-Date Through October
– Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 3,264,000 net tons (NT) of steel in October 2018, including 1,991,000 net tons (NT) of finished steel (up 44.2% and 6.7%, respectively, vs. September final data). Year-to-date (YTD) through 10 months of 2018, total and finished steel imports are 29,436,000 and 22,082,000 net tons (NT), down 10.6% and 13.4%, respectively, vs. the same period in 2017. Annualized total and finished steel imports in 2018 would be 35.3 and 26.5 million NT, down 7.4% and 10.4%, respectively, vs. 2017. Finished steel import market share was an estimated 20% in October and is estimated at 21% YTD.
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