US Steel Imports in June 2021 Surge by 12% MoM
US Steel ImportThe Dollar Business

US Steel Imports in June 2021 Surge by 12% MoM

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 June totaled 2,965,000 net tons. This was a 12.4% increase from the 2,637,000 permit tons recorded in May and a 17.5% increase from the May final imports total of 2,523,000 net tons. Import permit tonnage for finished steel in June was 1,982,000 net tons, up 6.8% from the final imports total of 1,856,000 net tons in May. Finished steel imports with large increases in June permits vs the May final imports include

1. Black plate, up 136% MoM

2. Heavy structural shapes, up 53% MoM

3. Oil country goods, up 38% MoM

4. Cold rolled, up 26% MoM

5. Wire rods, up 18% MoM

6. Reinforcing bars, up 17% MoM

7. Hot rolled, up 16% MoM

8. Cut lengths plates, up 16% MoM

9. Mechanical tubing, up 15% MoM

10. Plates in coils, up 14% MoM

11. Line pipe, up 13% MoM

12. Standard pipe, up 11% MoM

In June, the largest finished steel import permit applications, from May final, for offshore countries were for

1. South Korea 284,000 net tons, up 50% MoM

2. Japan 111,000 net tons, up 15% MoM

3. Germany 99,000 net tons, up 2% MoM

4. Taiwan 94,000 net tons, up 13% MoM

5. The Netherlands 86,000 net tons, up 36% MoM

For the first six months of 2021, total and finished steel imports were 14,756,000 net tons and 9,959,000 net tons, up 19.0% and 15.2%, respectively, from the same period in 2020. The estimated finished steel import market share in June was 21% and is 19% year-to-date. Products with significant year-to date increases vs. the same period in 2020 include

1. Light shapes bars, up 55% YoY

2. Hot rolled, up 54% YoY

3. Plates in coils, up 41% YoY

4. Cut lengths plates, up 34% YoY

5. Sheets and strip all other metallic coatings, up 31% YoY

6. Wire rods, up 25% YoY

7. Tin plate, up 24% YoY

8. Wire drawn, up 20% YoY

9. Galvanized hot dipped, up 12% YoY

10. Hot rolled bars, up 10% YoY

Through the first six months of 2021, from the same period last year, the largest offshore suppliers were

1. South Korea 1,341,000 net tons, up 19% YoY

2. Japan 514,000 net tons, up 19% YoY

3. Germany 414,000 net tons, up 10% YoY

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