Steel Imports Decrease in 2018

The American Iron and Steel Institute have reported a decrease in steel imports this year, with declines continuing in the month of September.

According to reports, imports have fallen 10.6 percent in 2018, with permit applications in September falling 7.6 percent over the previous month.  Through the first nine months of the year, the U.S. has imported 26.5 million tons of steel, including 20.1 tons of finished steel.  That represents a 12.1 percent drop from 2017.

South Korea, Turkey, Germany, Taiwan and Japan have been the biggest suppliers of steel in 2018 to date.  Imports have fallen 21 percent from South Korea, 14 percent from Japan and 49 percent from Turkey.

Posted on October 17, 2018 at 3:38 pm

Categories: News


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