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US Steel imports down 17.3% in Jan-Nov 2019: AISI

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WASHINGTON (Scrap Register): The United States imported a total of 1,541,000 net tons of steel in November 2019, including 1,311,000 net tons of finished steel, down 29.9% and 12.5%, respectively, vs. October final data, the American Iron and Steel Institute (AISI) said in its latest report based on preliminary Census Bureau data.

Through the first eleven months of 2019, total and finished steel imports are 26,332,000 and 19,675,000 net tons, down 17.3% and 18.1%, respectively, vs. the same period in 2018. Annualized total and finished steel imports in 2019 would be 28.7 and 21.5 million NT, down 14.8% and 16.5%, respectively, vs. 2018. Finished steel import market share was an estimated 15% in November and is estimated at 19% over the first eleven months of 2019, the report said.

Key finished steel products with a significant import increase in November compared to October are cut lengths plates (up 46%), hot rolled bars (up 24%), standard pipe (up 13%) and line pipe (up 12%).

In November the largest volumes of finished steel imports from offshore were from South Korea (188,000 NT, up 11% from October final), Japan (85,000 NT, up 14%), The Netherlands (70,000 NT, up 131%), Germany (55,000 NT, down 30%) and Taiwan (31,000 NT, down 21%).

For the first eleven months of 2019, the largest offshore suppliers were South Korea (2,408,000 NT, down 10% vs. the same period in 2018), Japan (1,175,000 NT, down 9%), Germany (965,000 NT, down 21%), Taiwan (799,000 NT, down 21%) and Vietnam (650,000 NT, down 36%).

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