Foreign Hot Rolled, Cold Rolled, Galvanized & Galvalume Percentage of US Market Share

The graphic below shows hot rolled coil imports and the market share imports represent of the total market.  In early 2014, hot rolled coil imports reached 800,000 metric tons during one month, which was 24 percent of the total hot rolled market.  Since the trade suits were filed in the summer of 2015 and results from the suits were issued during 2016, we have seen hot rolled import numbers slide (see below).

Cold Rolled Imports Gaining Market Share Despite AD/CVD Rulings

Unlike hot rolled, cold rolled shipments have continued to take market share as we moved into 2017. After the initial AD/CVD findings were announced in 2016 we did see an erratic decline in the percentage of market penetration from imports of cold rolled products. However, by mid-2016 the reduction in cold rolled tonnage was reversed as more tons came flowing into the domestic market.

Imports of cold rolled went from 17 percent of total shipments in late 1Q 2016 to a 30 percent share in late fourth Quarter 2016. So far this year, CRC imports are running around 24 percent of the total CR market in the U.S.

Hot dipped galvanized imports saw anti-dumping and countervailing duty filings in June 2015. From mid-2015 until the fourth quarter 2016, galvanized imports were flat at around 17 percent market share. Once we got into the last quarter of 2016 imports of HDG rose to 18-21 percent share.

Other Metallic Coated Market Share

Just prior to the dumping suits being filed in June 2015, other metallic coated imports (of which Galvalume makes up the vast majority of the tonnage) accounted for well over 50 percent of the total market share. By fourth quarter 2015 the share dropped to 36 percent before rebounding to 54 percent in mid-2016, right around the time the final determinations were being announced on coated steels.