American Iron and Steel Institute reported that US’s steel import permit applications for the month of May 2022 totaled 2.611 million net tons. This was a 1.3% decrease from the 2.645 million net tons permits recorded in April and a 4.4% decrease from the April final imports total of 2.730 million net tons. Import permit tonnage for finished steel in May was 2.287 million net tons, up 1.0% from the final imports total of 2.263 million net tons in April. The estimated finished steel import market share in May was 24%Steel imports with large increases in May permits vs April final imports include reinforcing bars up 95%, steel piling up 155%, standard pipe up 16%, hot rolled sheets up 13% and hot rolled bars up 12%. In May, the largest steel import permit applications were for Canada 597,000 net tons down 2% from April final, Mexico 462,000 N net tons up 18%, South Korea 241,000 net tons down 4%, Turkey 152,000 net tons up 67% and Brazil 113,000 net tons down 53%).For the first five months of 2022 total and finished steel imports were 13.824 million net tons and 11.168 million net tons, up 17.2% and 40.0%, respectively, from the same period in 2021. The estimated finished steel import market share is 24% year-to-date. Products with significant year-to date increases vs the same period in 2021 include wire rods up 130%, oil country goods up 84%, cold rolled sheets up 75%, tin plate up 50% and sheets and strip galvanized hot dipped up 36%. Through the first five months of 2022, the largest suppliers were Canada 2.909 million net tons no change from the same period last year, Mexico 2.413 million net tons up 44% and Brazil 1.340 million net tons down 40%).
American Iron and Steel Institute reported that US’s steel import permit applications for the month of May 2022 totaled 2.611 million net tons. This was a 1.3% decrease from the 2.645 million net tons permits recorded in April and a 4.4% decrease from the April final imports total of 2.730 million net tons. Import permit tonnage for finished steel in May was 2.287 million net tons, up 1.0% from the final imports total of 2.263 million net tons in April. The estimated finished steel import market share in May was 24%Steel imports with large increases in May permits vs April final imports include reinforcing bars up 95%, steel piling up 155%, standard pipe up 16%, hot rolled sheets up 13% and hot rolled bars up 12%. In May, the largest steel import permit applications were for Canada 597,000 net tons down 2% from April final, Mexico 462,000 N net tons up 18%, South Korea 241,000 net tons down 4%, Turkey 152,000 net tons up 67% and Brazil 113,000 net tons down 53%).For the first five months of 2022 total and finished steel imports were 13.824 million net tons and 11.168 million net tons, up 17.2% and 40.0%, respectively, from the same period in 2021. The estimated finished steel import market share is 24% year-to-date. Products with significant year-to date increases vs the same period in 2021 include wire rods up 130%, oil country goods up 84%, cold rolled sheets up 75%, tin plate up 50% and sheets and strip galvanized hot dipped up 36%. Through the first five months of 2022, the largest suppliers were Canada 2.909 million net tons no change from the same period last year, Mexico 2.413 million net tons up 44% and Brazil 1.340 million net tons down 40%).
