May American steel import dropped 17% m-o-m, imports from China significantly increased

May American steel import dropped, imports from China significantly increased

June 25 MetalBiz-According to the preliminary statistics of American population statistic bureau, American steel import totaled 1,020,000 net tons in May this year, there into, finished steel products stood at 1,002,000 net tons, down 17% and 11% respectively over April. America finished steel import from China was 148,000 net tons, up 48.7% m-o-m, which is the first time to achieve m-o-m growth this year. According to the conversion of May imports, American total steel import and finished steel imports is 18.6mln net tons and 17,360,000 net tons correspondingly all the year around of 2009, sank 42% and 33% respectively compared with last year. Source from China steel press, American Iron & Steel Institute (AISI) expected that imported finished steel accounted for 22% of market shares in May, while the total shares in the first five months was only 29%. China is the largest steel importer of America in May. It is learned that American finished steel import from China was 148,000 net tons, up 48.7% m-o-m, additionally, from South .Korea and Japan was 118,000 net tons and 61,000 net tons respectively, increased 66.4% and decreased 27.1% correspondingly. It is the first time that American finished steel import from China achieves positive growth this year. According to previous report, American finished steel import from China was 98,000 net tons in April, down 49.8% m-o-m, moreover, import in March and Feb. stood at 196,000 net tons and 268,000 net tons respectively, dived 28% and 39%. From news.alibaba.com http://www.cnbuyersagent.com/