Loading prices...

Register/Sign in
ScrapMonster
Sell Your Junk CarGet an instant quote for your car on ScrapMonster.com
Steel News April 18, 2019 03:30:10 PM

U.S. Finished Steel Imports See Massive Drop

Paul Ploumis
ScrapMonster Author
The U.S. imported a total of 2.433 million net tons (NT) of steel during February this year.

U.S. Finished Steel Imports See Massive Drop

SEATTLE (Scrap Monster): The American Iron and Steel Institute (AISI) reported that the U.S. total and finished steel imports declined drastically over the previous month in February this year. The combined steel imports during the first two months of 2019 were up significantly over the previous year, whereas imports of finished steel were down marginally. Also, finished steel market share was estimated at 20% in February 2019, in accordance with the preliminary data released by the U.S. Census Bureau.

The U.S. imported a total of 2.433 million net tons (NT) of steel during February this year, which is significantly lower by 30.1% when compared with Jan ’19 final imports. Out of this, finished steel imports totaled 1.744 million NT. The finished steel imports recorded nearly 29% decline over the previous month. The total and finished steel imports had totaled 3.479 million NT and 2.450 million NT respectively in Jan ‘19.

The combined total steel imports during Jan-Feb ’19 amounted to 5.912 million NT, higher by 10.2% over the previous year. On the contrary, the year-to-date finished steel imports dropped by 3.6% to 4.351 million NT. The total and finished steel imports in Jan-Feb ’18 had totaled 5.362 million NT and 4.351 million NT respectively. The finished steel import market share was estimated at 22% during the first two months of 2019.

The imports of all steel products registered decline over the month. Oil County Goods reported sharpest decline in import volumes, with imports dropping by 41.8%.

×

Quick Search

Advanced Search