SMU Data and Models

New SMU Report Identifies Hot Rolled Imports by Product Detail

Written by Peter Wright

Premium subscribers to Steel Market Update have access to reports on SMU’s website that break out the import tonnage into district of entry and source nation for six sheet and plate categories. SMU has now developed reports that drill down to provide more product detail on hot rolled and cold rolled coil. We report these in alternate months. This month we will focus on hot rolled. Our August report will cover cold rolled.

Using U.S. International Trade Commission (USITC) data, SMU has taken the import tonnage of HRC and broken it down into sheet and strip, and whether it was in coil or leveled. Then it separates three gauge ranges, it identifies how much was P&O, how much was high strength and how much had patterns in relief.

Table 1 (click to enlarge) shows a monthly and year-to-date summary for each of the above conditions.

Figure 1 breaks the year-to-date tonnage down into commercial HR sheet, pickled and oiled, high strength and sheet with embossed patterns.

Figure 2 breaks the year-to-date tonnage down into three gauge ranges—light, medium and heavy.

Figure 3 breaks hot rolled sheet imports into coiled and leveled tonnage.

Figure 4 breaks hot rolled strip imports into coiled and leveled tonnage.

Table 2 (click to enlarge) is a small part of a sheet that shows detail for every region in the U.S. and is available in the premium section of our website. It shows the product detail of hot rolled sheet and strip imports by district of entry. For example, the largest tonnage item entering Chicago in the first five months of 2018 was light gauge coiled sheet. Pointing to another example, if a steel buyer wanted to know how much light gauge, high strength, pickled and oiled coiled sheet had come into Cleveland year to date, the answer is 1,737 metric tons.

In August, we will present the same analysis for cold rolled sheet and strip through June.

Note: This data was accessed through the USITC database. All steel traded globally is classified by the Harmonized Tariff System (HTS). The HTS code has 10 digits. The first six are globally universal. The last four are used at the discretion of the nations involved in a particular transaction and are the basis of this report. The way the U.S. uses the last four digits to define products may be different from other nations’ product classification.

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