The U.S. crude steel imports fell by 5.3% in the first 2 months of the year

In March 23rd, the American steel Society (AISI) report showed that the United States imported 2 million 363 thousand short tons of crude steel in February this year, including 1 million 923 thousand short tons of finished products (18% and 17.6% respectively). The import of crude steel and finished products in the United States were 5 million 245 thousand short tons and 4 million 257 thousand short tons respectively in the first 2 months of this year, down 5.3% and 3.5% respectively over the same period of last year.
According to the report, it is estimated that imports of finished products accounted for 24% of the US market share in February this year, and the US market share of imported products accounted for 25% in the first 2 months. The total imports of crude steel and finished products will be 31 million 500 thousand short tons and 25 million 500 thousand short tons in 2018, down 17.5% and 13.6%, respectively.
In February this year, the main export products of the US increased significantly, including steel structure profiles (growth of 60%) and wire rod (37%). In the first 2 months, the major products of US imports increased substantially from the same year to year, including hot rolled coils (33%), pipeline (30%) and hot rolled steel (up 27%).
In February this year, the countries and regions that exported the most manufactured goods to the United States were South Korea (277 thousand short tons, 18% of the ring ratio), Germany (116 thousand short tons, 28%), Japan (90 thousand short tons, 37% decline), China Taiwan (75 thousand short tons, decline 36%), China mainland (60 thousand short tons, 16% around the ring). In the first 2 months, the largest countries and regions exported to the United States were South Korea (616 thousand short tons, 8%), Japan (232 thousand short tons, 5% year-on-year), Germany (206 thousand short tons, 54%), Turkey (195 thousand tons, 61% year-on-year), and Taiwan (192 thousand short tons, declining 10%).