US Steel Imports in January 2021 Seen at 2.1 Million Net Tons
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute reported that steel
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute reported that steel import permit applications for the month of January totalled 2,126,000 net tons. This was a 0.1% decrease from the 2,128,000 permit tons recorded in December and a 42.4% increase from the December preliminary imports total of 1,494,000 net tons. Import permit tonnage for finished steel in January was 1,202,000 net tons, down 10.3% from the preliminary imports total of 1,340,000 in December. The estimated finished steel import market share in January was 16%.
Finished steel imports with large increases in January permits vs. the December preliminary imports include heavy structural shapes up 105%, reinforcing bars up 82%, light shapes bars up 23% and structural pipe and tubing up 15%.
In January, the largest finished steel import permit applications for offshore countries were for South Korea 125,000 net tons down 48%, Turkey 75,000 net tons up 451%, Japan 52,000 net tons down 11%, Brazil 40,000 net tons down 18% and Taiwan 30,000 net tons down 23%.