US Steel mill shipments rebound in December

2017-02-11

ALBANY (Scrap Monster): According to latest statistics released by the American Iron and Steel Institute (AISI), the steel shipment by country’s mills rebounded sharply by nearly 6.7% month-on-month in December last year. Also, the Dec ’16 shipments recorded notable increase of nearly 9.4%, when matched with the shipments during the same month in 2015.

The US steel mill shipments during December last year totaled 7,173,245 net tons, significantly higher by 6.7% when matched with 6,724,277 net tons shipped during November 2016. Year-on-year, the steel shipments registered increase of 9.4%. The shipments had totaled 6,556,342 net tons in December 2015. Several steel products witnessed significant rise in shipment volumes during December last year. When matched with the prior month, shipments of hot rolled sheets surged higher by 11%. The shipment of cold rolled sheets was also up by 4%. On the other hand, the shipment of hot dipped galvanized sheets and strips declined by nearly 3% in December 2016, in comparison with the prior month.

The full year 2016 steel shipments remained more or less flat, declining marginally by 0.02% from 86,546,657 net tons in 2015 to 86,533,341 net tons during the entire year 2016.

Based on Steel Import Monitoring and Analysis (SIMA) data , the AISI had earlier reported that the U.S. steel import permit applications for the month of December last year totaled 2,648,000 net tons (NT) of steel. The import permits tons recorded 9.6% decline when compared with 2,930,000 permit tons recorded during the prior month. The import permit tonnage of finished steel totaled 2,069,000 net tons during December. The total and finished steel imports for the full year 2016 totaled 32,969,000 and 26,248,000 net tons (NT), down by 15.0% and 16.7% respectively, vs. the same period in 2015. It must be noted that the above figures are inclusive of November preliminary data and December SIMA permits. Also, the largest number of import permit applications was for South Korea, Turkey, Japan, Taiwan and Germany.

The total and finished steel imports for the full year 2016 totaled 32,969,000 and 26,248,000 net tons (NT), down by 15.0% and 16.7% respectively, vs. the same period in 2015. It must be noted that the above figures are inclusive of November preliminary data and December SIMA permits. For the full year 2016, the largest overseas suppliers of finished steel to the US were South Korea (3,612,000 NT, down 22% from the same period in 2015), Turkey (2,246,000 NT, down 15%) and Japan (1,687,000 NT, down 20%). South Korea (3,780,000 NT, down 22% from the same period in 2015), Turkey (2,435,000 NT, down 14%) and Japan (1,817,000 NT, down 20%).

Meantime, the country’s steel import permit applications for the month of January this year jumped higher by 7.6% when compared with the permit tons recorded during prior month. When matched with the December final imports, the Jan ’17 permit applications were up by 8.5%. The largest number of import permit applications was for South Korea, followed by Turkey, Taiwan, Japan and Vietnam.


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