NEW YORK U.S. steel imports slid in September, with oil country tubular goods (OCTG), cold-rolled sheet and semifinished material all registering declines, according to preliminary U.S. Census Bureau data.
Steel imports totaled 2.5 million tonnes in September, down 4.1 percent from 2.61 million tonnes in August, although the tally was up 6.1 percent year on year.
OCTG logged the largest drop, falling 30.8 percent to 227,062 tonnes in September from 328,102 tonnes in August. This was primarily a result of major declines in arrivals from Argentina and India (down 81.7 percent and 50.4 percent, respectively), offset by an increase in product from South Korea (up 25.7 percent).
Cold-rolled sheet imports fell to 97,308 tonnes in September from 108,316 tonnes in August as deliveries from South Korea plunged 52.6 percent to 11,678 tonnes.
Imports of semifinished material fell 3.6 percent to 575,112 tonnes on decreases from Brazil (down 6.4 percent), Russia (off 12.4 percent) and Mexico (down 24.4 percent).
Meanwhile, plate in coil rose 16.9 percent to 102,489 tonnes in September from 87,684 tonnes in August as arrivals from Germany more than tripled, and imports of hot-rolled bar spiked 44.4 percent to 161,391 tonnes as material arriving from China quadrupled to 75,379 tonnes.