The American Iron and Steel Institute has reported that US’s steel import permit applications for the month of April 2022 totaled 2.579 million net tons, a 19.8% decrease from the 3.214 million net tons permit recorded in March and a 16.6% decrease from the March final imports total of 3.092 million net tons. Import permit tonnage for finished steel in April was 2.093 million net tons, down 16.3% from the final imports total of 2.499 million net tons in March. The estimated finished steel import market share in April was 25%. Notable surge was for tin plate at 31% & rail at 200%Canada – 0.583 million net tons, down 11% from MarchMexico – 0.392 million net tons, down 28%Brazil – 0.258 million net tons, down 26%South Korea – 0.198 million net tons, down 38%Taiwan – 0.104 million net tons, no changeFor the first four months of 2022, total and finished steel imports were 11.062 million net tons & 8.711 million net tons, up 19.4% and 42.3%, respectively, from the same period in 2021. The estimated finished steel import market share in January-April 2022 is 24%.Products with significant year-to date increases vs the same period in 2021 include wire rods up 137%, cold rolled sheets up 88%, tin plate up 80%, oil country goods up 80% and sheets and strip galvanized hot dipped up 45%. Through the first four months of 2022, the largest suppliers wereCanada -2.283 million net tons, down 1% YoYMexico – 1.950 million net tons, up 42%Brazil - 1,245 million net tons, down 35%
The American Iron and Steel Institute has reported that US’s steel import permit applications for the month of April 2022 totaled 2.579 million net tons, a 19.8% decrease from the 3.214 million net tons permit recorded in March and a 16.6% decrease from the March final imports total of 3.092 million net tons. Import permit tonnage for finished steel in April was 2.093 million net tons, down 16.3% from the final imports total of 2.499 million net tons in March. The estimated finished steel import market share in April was 25%. Notable surge was for tin plate at 31% & rail at 200%Canada – 0.583 million net tons, down 11% from MarchMexico – 0.392 million net tons, down 28%Brazil – 0.258 million net tons, down 26%South Korea – 0.198 million net tons, down 38%Taiwan – 0.104 million net tons, no changeFor the first four months of 2022, total and finished steel imports were 11.062 million net tons & 8.711 million net tons, up 19.4% and 42.3%, respectively, from the same period in 2021. The estimated finished steel import market share in January-April 2022 is 24%.Products with significant year-to date increases vs the same period in 2021 include wire rods up 137%, cold rolled sheets up 88%, tin plate up 80%, oil country goods up 80% and sheets and strip galvanized hot dipped up 45%. Through the first four months of 2022, the largest suppliers wereCanada -2.283 million net tons, down 1% YoYMexico – 1.950 million net tons, up 42%Brazil - 1,245 million net tons, down 35%
