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About US Steel Imports
Jan 29, 2018

Data released by the U.S. Department of Commerce show that in December 2016, the U.S. steel imports were 2.43 million tons, an increase of 14.6% from the same period of last year and a 4.3% decrease from the previous month, maintaining a year-on-year increase for two consecutive months.

In terms of different species, imports of long products decreased 16%, semi-finished products increased sharply by 76.3% and flat products increased nearly 2% compared with December 2015. Specifically, the prices of wire rod, hot coil and plate fell by 29.7%, 31.1% and 36.5%, with steel pipe and galvanized steel plate increasing by 72.1% and 46.1%.Compared with November 2016, there was a notable drop in both semi-finished and flat products, at 19.7% and 6.7%, while long products recorded a slight increase of 2.9%.Including hot coils, cold coils, plate and wire decreased by 5.4% -22.5%, while the increase of steel and rebar 20.1% and 2.6%.

In terms of major importing countries and regions, the import from Russia and India doubled and surged 100% and 165.3% respectively as compared with December 2015; Imports from Central and South America also surged by 97.5%, with only the EU, Japan, China and Turkey falling, down 6.6% -53.2%.Compared with November 2016, except for the growth of imports from EU, Japan, China and India, imports from other regions showed a decrease of 7.4% -12.2%, but a decrease of 0.4% -18.6%.

In addition, in December 2016, the United States imported 58,000 tons of steel products from China, down 53.2% year-on-year and increasing by 9.2% compared with the same period of last year. The largest imported products are still drawing wire products, nearly 12,000 tons

According to the latest statistics, as of January 31, 2017, the number of US steel import licenses in January 2017 was 2,468,000 tons, basically stable both YoY and MoM.http://www.pump-casting.com/


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