The American Iron and Steel Institute has reported that US’s steel import permit applications for the month of December totaled 2.182 million net tons. This was a 1.9% increase from the 2.141 million net tons permit recorded in November and an 8.8% increase from the November preliminary imports total of 2.006 million net tons. Import permit tonnage for finished steel in December was 1850 million net tons, up 5.2% from the preliminary imports total of 1.758 million net tons in November. The estimated finished steel import market share in December was 23% Steel imports with large increases in December permits vs. November preliminary imports include standard rail (up 182%), line pipe (up 70%), ingots and billets and slabs (up 34%), sheets and strip hot dipped galvanized (up 25%) and reinforcing bars (up 22%). In December, the largest steel import permit applications were for Canada (494,000 NT, down 6% from November preliminary), Mexico (417,000 NT, up 66%), South Korea (203,000 NT, up 46%), Japan (139,000 NT, up 34%) and Germany (72,000 NT, down 39%). For the full year of 2022, total and finished steel imports were 30.822 million net tons and 25.245 million net tons, down 2.0% and up 10.9%, respectively, from the same period in 2021. The estimated finished steel import market share is 24% for the full year of 2022. Products with significant increases for the full year of 2022 vs 2021 include line pipe (up 47%), standard pipe (up 45%), oil country goods (up 43%), heavy structural shapes (up 37%) and wire rods (up 31%). For the full year of 2022, the largest suppliers were Canada (6,830,000 NT, down 2%), Mexico (5,304,000 NT, up 11%) and South Korea (2,786,000 NT, up 1%).
The American Iron and Steel Institute has reported that US’s steel import permit applications for the month of December totaled 2.182 million net tons. This was a 1.9% increase from the 2.141 million net tons permit recorded in November and an 8.8% increase from the November preliminary imports total of 2.006 million net tons. Import permit tonnage for finished steel in December was 1850 million net tons, up 5.2% from the preliminary imports total of 1.758 million net tons in November. The estimated finished steel import market share in December was 23% Steel imports with large increases in December permits vs. November preliminary imports include standard rail (up 182%), line pipe (up 70%), ingots and billets and slabs (up 34%), sheets and strip hot dipped galvanized (up 25%) and reinforcing bars (up 22%). In December, the largest steel import permit applications were for Canada (494,000 NT, down 6% from November preliminary), Mexico (417,000 NT, up 66%), South Korea (203,000 NT, up 46%), Japan (139,000 NT, up 34%) and Germany (72,000 NT, down 39%). For the full year of 2022, total and finished steel imports were 30.822 million net tons and 25.245 million net tons, down 2.0% and up 10.9%, respectively, from the same period in 2021. The estimated finished steel import market share is 24% for the full year of 2022. Products with significant increases for the full year of 2022 vs 2021 include line pipe (up 47%), standard pipe (up 45%), oil country goods (up 43%), heavy structural shapes (up 37%) and wire rods (up 31%). For the full year of 2022, the largest suppliers were Canada (6,830,000 NT, down 2%), Mexico (5,304,000 NT, up 11%) and South Korea (2,786,000 NT, up 1%).
