STEEL FRAMING ALLIANCE | FRAMEWORK ONLINE
June 4, 2008
MARKETPLACE
 
April Imports Up 15 Percent Vs. March

Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 2,944,000 net tons (NT) of steel in April 2008, including 2,194,000 NT of finished steel (up 15 and 4 percent, respectively, vs. March final data).

Total and finished steel imports through the first four months of 2008 are down 7 and 9 percent, respectively vs. the same period in 2007. However, the monthly average for finished steel imports in the most recent 3-month period (February-April 2008) is up 8 percent vs. monthly average in the previous 3 months (November 2007-January 2008). Total and finished steel imports on an annualized basis are down 4 and 5 percent, respectively, vs. 2007. On an annualized basis, total imports of steel in 2008 would be 32 million NT.

Key products with large increases in April compared to the month before include: Ingots and Billets and Slabs (up 64%), Hot Rolled Sheets (up 40%), Reinforcing Bar (up 30%), Wire Rods (up 92%), Plates in Coil (up 33%) and Cold Finished Bar (up 32%). For the first four months of 2008, products showing increases vs. the same period in 2007 were Line Pipe (up 26%), Oil Country Goods (up 18%) and Heavy Structural Shapes (up 10%).

For April, the largest volumes of finished steel imports from offshore were from South Korea (211,000 NT, up 33%), China (at 180,000 NT, down 26% from March), Japan (169,000 NT, up 17%), Germany (146,000 NT, up 79%) and Turkey (142,000 NT, up 368%). Below is a summary chart of finished imports by country.

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 31 member companies, including integrated and electric furnace steelmakers, and 130 associate and affiliate members who are suppliers to or customers of the steel industry. AISI's member companies represent approximately 75 percent of both U.S. and North American steel capacity. For more news about steel and its applications, view AISI’s Web site at www.steel.org.

Source: American Iron and Steel Institute, May 28, 2008

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Brought to you by the Steel Framing Alliance (SFA) on the first Wednesday of each month, Framework Online arms you with the latest news and commentary on the steel framing and construction industries. In addition to industry headlines, trends and project profiles, Framework Online provides information and ideas that will better enable members to increase their participation in the residential and commercial construction markets.