US imports of steel products hit record high in July

In July, the total amount of U.S. steel imports hit the second highest monthly record in U.S. history. The American Iron and Steel Association recently released a news report that in July 2006, the total imports of steel products in the United States reached 4.197 million net tons (approximately 3.807 million tons), of which 3.368 million net tons (approximately 3.055 million tons) of finished steel products , respectively. The final data for June rose by 13.6% and 8.5%.
In the first seven months of this year, the cumulative total imports of steel products from the United States and the cumulative imports of finished steel products were 26.876 million net tons (about 24.297 million tons) and 21.116 million net tons (about 19.196 million tons), respectively, compared to the same period in 2005. The corresponding indicators rose by 38% and 39% respectively. According to the cumulative import volume of steel products in the first seven months of 2006, it is estimated that the cumulative total import volume of steel products in the United States and the cumulative import volume of finished steel products will reach an all-time high record (45.9 million net tons and 36.3 million, respectively). Net tonnage is approximately 41.65 million tons and 32.9 million tons) - 49% and 52% higher than 2005 respectively.
Compared with the previous month, in July, the key products increased significantly in U.S. imported steel products include line pipe (up 55%), hot-rolled coil (up 51%), light bar (up 42%), and semi-finished steel. (Most used for converters and processing lines, up 41%), petroleum areas (oil pipes, up 34%) and several corrosion-resistant steels, including galvanized steel strips, various other metal coated strips and heat Dipping galvanized strips (84%, 19%, and 11%, respectively).
The American Iron and Steel Institute pointed out that in July, China has become the largest single exporter (region) of steel products sold to the United States. Under unusual market conditions, exports of steel products from mainland China to the United States this year will likely Increased to more than 4.5 million tons.