The American Iron and Steel Institute has reported that US’s steel import permit applications for the month of November totaled 2.113 million net tons. This was a 9.6% MoM decrease from the 2.336 million permit tons recorded in October and a 12.6% decrease from the October final imports total of 2.416 million net tons. Import permit tonnage for finished steel in November was 1.891 million net tons, down 3.9% from the final imports total of 1.968 million net tons in October. The estimated finished steel import market share in November was 23%Steel imports with large increases in November permits vs. October final imports include pressure tubing (up 99%), oil country goods (up 50%), tin free steel (up 44%), hot rolled bars (up 21%) and plates in coils (up 21%). In November, the largest steel import permit applications were for Canada (561,000 NT, down 11% from October final), Mexico (422,000 NT, down 38%), South Korea (202,000 NT, up 13%), Brazil (202,000 NT, down 22%) and Germany (108,000 NT, up 37%).For the first eleven months of 2022, total and finished steel imports were 28.747 million NT and 23.527 million NT, up 0.6% and 14.7%, respectively, from the same period in 2021. The estimated finished steel import market share in is 24% year-to-dateProducts with significant year-to-date (YTD) increases vs. the same period in 2021 include standard pipe (up 51%), line pipe (up 50%), oil country goods (up 45%), heavy structural shapes (up 41%) and wire rods (up 37%). Through the first eleven months of 2022, the largest suppliers were Canada (6,311,000 NT, down 2%), Mexico (4,899,000 NT, up 16%) and South Korea (2,673,000 NT, up 7%).
The American Iron and Steel Institute has reported that US’s steel import permit applications for the month of November totaled 2.113 million net tons. This was a 9.6% MoM decrease from the 2.336 million permit tons recorded in October and a 12.6% decrease from the October final imports total of 2.416 million net tons. Import permit tonnage for finished steel in November was 1.891 million net tons, down 3.9% from the final imports total of 1.968 million net tons in October. The estimated finished steel import market share in November was 23%Steel imports with large increases in November permits vs. October final imports include pressure tubing (up 99%), oil country goods (up 50%), tin free steel (up 44%), hot rolled bars (up 21%) and plates in coils (up 21%). In November, the largest steel import permit applications were for Canada (561,000 NT, down 11% from October final), Mexico (422,000 NT, down 38%), South Korea (202,000 NT, up 13%), Brazil (202,000 NT, down 22%) and Germany (108,000 NT, up 37%).For the first eleven months of 2022, total and finished steel imports were 28.747 million NT and 23.527 million NT, up 0.6% and 14.7%, respectively, from the same period in 2021. The estimated finished steel import market share in is 24% year-to-dateProducts with significant year-to-date (YTD) increases vs. the same period in 2021 include standard pipe (up 51%), line pipe (up 50%), oil country goods (up 45%), heavy structural shapes (up 41%) and wire rods (up 37%). Through the first eleven months of 2022, the largest suppliers were Canada (6,311,000 NT, down 2%), Mexico (4,899,000 NT, up 16%) and South Korea (2,673,000 NT, up 7%).
