[Fellow]U.S. imported a total of 1,255,000 net tons (NT) of steel in September 2020.
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 1,255,000 net tons (NT) of steel in September 2020, including 1,166,000 net tons (NT) of finished steel (down 2.8% and 1.1%, respectively, vs. August final data). Through the first nine months of 2020, total and finished steel imports are 17,646,000 and 12,367,000 net tons (NT), down 21.9% and 26.7%, respectively, vs. the same period in 2019. Annualized total and finished steel imports in 2020 would be 23.5 and 16.5 million NT, down 15.8% and 21.7%, respectively, vs. 2019. Finished steel import market share was an estimated 16% in September and is estimated at 18% over the first nine months of 2020.
Key finished steel products with a significant increase in imports in September compared to August are heavy structural shapes (up 114%), hot rolled sheets (up 41%), plates in coils (up 28%), sheets and strip all other metallic coatings (up 19%), tin plate (up 11%) and sheets and strip hot dipped galvanized (up 10%).
In September the largest volumes of finished steel imports from offshore were from South Korea (124,000 NT, up 11% from August final), Taiwan, China (58,000 NT, up 73%), Japan (57,000 NT, up 28%), Germany (52,000 NT, up 3%) and The Netherlands (33,000 NT, down 10%). For the first nine months of 2020, the largest offshore suppliers were South Korea (1,519,000 NT, down 26% vs. the same period in 2019), Japan (586,000 NT, down 42%), Germany (525,000 NT, down 37%), Taiwan, China (463,000 NT, down 37%) and Turkey (427,000 NT, up 65%).
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