US steel imports up 23% M-o-M to 2.55 mnt in Jan: AISI
Metal Recycling News | 2012-02-23 03:46:26
United States steel imports advanced sharply by 23% month-on-month to 2.55 million net tons in January, according to report released by the American Iron and Steel Institute (AISI) based on preliminary data from the US Census Bureau.
By Paul Ploumis
NEW YORK (Scrap Monster): United States steel imports advanced sharply by 23% month-on-month to 2.55 million net tons in January, according to report released by the American Iron and Steel Institute (AISI) based on preliminary data from the US Census Bureau.
According to the data, the country’s finished steel products imports surged by 31% month-on-month to 2.06 million net tons.
In January, the US’s imports of line pipe and cold rolled sheet surged by 60% and 59% respectively. Also, the imports of reinforced bars climbed 58% and that of cut length plates and standard pipe both increased by 42%.
In Addition, South Korea ranked the largest offshore supplier of finished steel with 314,000 net tons in January, followed by Turkey’s 142,000 net tons; Japan’s 128,000 net tons; Germany’s 107,000 net tons and China’s 100,000 net tons.
