uploads///part  import breakup

How US Steel Imports Are Looking in 2018


Apr. 4 2018, Updated 2:03 p.m. ET

US steel imports

Previously in this series, we’ve looked at February’s consolidated steel import data. In this article, we’ll see which product categories saw major changes in imports during the month. Oil country tubular goods (or OCTG) imports fell ~38% in February. However, the fall came from a higher base, as imports had almost doubled in January. U.S. Steel Corporation’s (X) Tubular segment produces OCTG products.

Article continues below advertisement

Flat-rolled products

Imports of hot roll coil (or HRC), cold roll coil (or CRC), and galvanized steel products fell on a month-over-month basis in February. However, while CRC and galvanized steel imports also fell on a yearly basis, HRC imports surged almost 50% year-over-year. AK Steel (AKS) has a high share of CRC and galvanized steel products in its flat-rolled product mix.


Rebar imports fell sharply in February. According to the preliminary data released by the United States Census Bureau, the country imported 35,800 metric tons of rebars in February 2018. Rebar imports totaled 86,913 metric tons in January 2018 and 148,457 metric tons in February 2017. Nucor (NUE) has been investing in expanding its rebar capacity and announced a new rebar mill last month. The rebar space has seen consolidation this year after Commercial Metals Company (CMC) acquired some of Gerdau’s (GGB) US rebar mills. It’s worth noting that US rebar demand could get a boost if President Trump goes ahead with his infrastructure plans.

While US steel imports have fallen, it should be interesting to see how US steel production is playing out. In the next part of this series, we’ll see how domestic supply is responding to lower steel imports.


More From Market Realist

  • Woman looking at data
    Basic Materials
    Should You Buy SLV Stock Before Another Silver Short Squeeze?
  • Freeport-McMoRan employee at a facility
    Basic Materials
    FCX Stock Is a Good Buy for Investors as Copper Prices Top $10,000
  • Alcoa logo
    Basic Materials
    Alcoa (AA) or CENX: Picking the Best Aluminum Stock
  • U.S. Steel EAF
    Basic Materials
    U.S. Steel or Cleveland-Cliffs: Which Is the Best Steel Stock to Buy?
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.