By News Release
FOR IMMEDIATE RELEASE CONTACT Lisa Harrison
January 28, 2014 202.452.7115/ lharrison@steel.org
PRELIMINARY STEEL IMPORTS DECREASE 4% IN DECEMBER
Import Market Share 22% in December
Washington, D.C. - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI)
reported today that the U.S. imported a total of 2,502,000 net tons (NT) of steel in December 2013, including
1,884,000 net tons (NT) of finished steel (down 3.5% and 1.5%, respectively, vs. November final data). 2013 full year total and finished steel imports are 32,146,000 and 24,825,000 net tons (NT), respectively, each down 4% vs. full year 2012. Finished steel import market share was an estimated 22% in December and is estimated at 23% for full year 2013.
Key finished steel products with a significant import increase in December 2013 compared to November are hot rolled sheets (up 25%), hot rolled bars (up 22%), standard pipe (up 19%), sheets and strip hot dipped
galvanized (up 18%) and line pipe (up 13%). Major products with significant full year 2013 import increases vs. full
year 2012 include reinforcing bars (up 23%) and hot rolled bars (up 15%).
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December Preliminary Imports decrease 4%; YTD Import Market Share at 23% in December / Page 2
In December, the largest volumes of finished steel imports from offshore were all from Asia and Europe. They were from South Korea (300,000 NT, up 21% vs. November final), Japan (146,000 NT, up 4%), China (143,000 NT, down 12%), Germany (94,000 NT, down 9%) and India (65,000 NT, up 135%). For full year 2013, the largest offshore suppliers were South Korea (3,718,000 NT, up 2% vs. 2012), China (1,898,000 NT, up 15%), Japan (1,894,000 NT, down 2%), Turkey (1,204,000 NT, down 11%) and Germany (1,112,000 NT, down 13%). Below are charts on estimated steel import market share in recent months and on finished steel imports from offshore by
country.
28%
Estimated Finished Steel Import Market Share for the Past 12 Months
26%
24%
22%
20%
18%
U.S. IMPORTS OF FINISHED STEEL MILL PRODUCTS BY COUNTRY OF ORIGIN
(thousands of net tons)
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December Preliminary lmports decrease 4%; YTD hnport Market Share at 23% in December f Page 3
U.S. IMPORTS OF FINISHED STEEL MILL PRODUCTS 3 MONTHS ROLLING AVERAGE (thousands of net tons) | |||
Product | Preliminary 3 Mos. Rolling Avg. Oct.-Dec. | Actual 3 Mos. Prior Jui.-Sep. | Current 3 Months vs 3 Months Prior %Change |
Oil Country Goods Sheets Hot Rolled Sheets & Strip Galv. Hot D | 301 245 187 | 285 304 170 | 5.7% -19.4% 10.1% |
Bars - Hot Rolled Line Pipe Sheets Cold Rolled | 154 154 149 | 158 188 125 | -2.2% -17.8% 19.7% |
Plates in Coils Bars - Reinforcing Plates Cut Lengths | 103 89 80 | 105 97 74 | -2.2% -8.9% 9.0% |
Sheets & Strip Ali Other M Ali Other | 66 496 | 61 563 | 8.9% -12.0% |
Total | 2,024 | 2,128 | -4.9% |
U.S. IMPORTS OF FINISHED STEEL MILL PRODUCTS 3 MONTHS ROLLING AVERAGE (thousands of net tons) | |||
Country | Preliminary 3 Mos. Rolling Avg. Oct.-Dec. | Actual 3 Mos. Prior Jui.-Sep. | Current 3 Months vs 3 Months Prior % Change |
South Korea China Japan | 315 173 138 | 339 160 174 | -7.2% 8.1% -21.0% |
Germany Taiwan Netherlands | 102 71 71 | 83 62 81 | 22.5% 13.5% -12.7% |
India Turkey ltaly | 70 65 36 | 52 90 39 | 35.3% -28.2% -6.7% |
United Kingdom Ali Other | 35 950 | 39 1,008 | -11.8% -5.8% |
Total | 2,024 | 2,128 | -4.9% |
December Preliminaty lmports decrease 4%; YTD Import Market Share at 23% in December J Page 4
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3.5
3.0
(/)
co: 2.5
....
Il) 2.0
.....
(/) 1.5
c:
§
Monthly lmports 2013 vs. 2012
D Finished E:l Semi-finished:a:
1.0
0.5
% change finished imports December 2013 vs. December 2012 = +5.9%
3 Month Rolling Averages and 2013 vs. 2012 D Finished 1!:1 Semi-finished2012
2013*
7.649
7.322
25.826 24.825
% change finished imports 3 Mos. Rolling Avg. vs. 3 Mos. Prior = -4.9%
% change serri-finished imports 2013 vs 2012 = -4.3%
% change finished imports 2013 vs 2012 = -3.9%
* annualized
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December Preliminary Imports decrease 4%; YTD Import Market Share at 23% in December / Page 5
AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 23 member companies, including integrated and electric furnace steelmakers, and approximately 125 associate members who are suppliers to or customers of the steel industry. AISI's member companies represent over three quarters of both U.S. and North American steel capacity. For more news about steel and its applications, view AISI's website at www.steel.org.
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