Imports Grab Greater Share of Sheet Demand

Thursday, August 10, 2017 7:17 PM Written by 
Published in Apparent Steel Supply

Editor's note: As a special bonus, we are sharing this premium-level article with all our subscribers:

Demand for sheet products is increasingly driven by hot rolled coil. Imports are taking a greater share of the sheet market, reaching 21.2 percent in June.

Apparent supply is a proxy for market demand, and the apparent supply of hot rolled coil has been growing strongly this year. Imports continue to be an increasing factor in the sheet markets. There is a major difference in import market share for the four major sheet products with HRC at 11.7 percent and OMC (other metallic coated) at 54.0 percent.

This report summarizes total steel supply from 2003 through June 2017 and year-on-year changes. It then compares domestic mill shipments with total supply to the market. It quantifies market direction by product and enables a side-by-side comparison of the degree to which imports have absorbed demand. Sources are the American Iron and Steel Institute and the Department of Commerce with analysis by SMU.



ALREADY A SMU MEMBER? SIGN IN BELOW:

{loadposition ose_membership}

*Note: If you see your subscription information above, please renew or upgrade your membership to read the full article.

Peter Wright

Peter Wright is an Independent Contractor for Gerdau, Steel Market Update and the State of Wyoming. He is responsible for Steel Market Update's development and analysis of steel and economic indicators and is an instructor for SMU's Steel 101 Workshop. He has 50+ years of experience in the steel industry in metallurgy, quality engineering, sales and operations. He is nationally recognized as an expert on the long products market. Contact him at Peter.Wright@SteelMarketAnalysis.com.

Website: www.SteelMarketUpdate.com
You must be logged in to post a comment.