The American Iron and Steel Institute reported the United States received permit applications for 2.73 million tonnes of steel in September, an 8.7% decrease as compared to 3 million tonnes imported the previous month. It was a 7.6% decline from August's preliminary permit applications.
Imports of foreign-made steel have declined by 10.6% so far this year, largely as a result of the Section 232 tariffs of 25%.
In September, imports continued to decline, capturing only 21% of the market share, according to the U.S. Commerce Department's most recent Steel Import Monitoring and Analysis data.
In September, imports of light shapes bars grew by 103%, hot rolled sheets by 35%, plates in coils by 24%, sheets and strip all other metallic coatings by 22%, standard pipe by 19% and cold rolled sheets by 12%.
South Korea, Turkey, Germany, Taiwan area, and Japan were the largest offshore suppliers of steel in September. So far this year, imports have fallen by 21% from South Korea, 14% from Japan and 49% from Turkey.
During the first nine months of the year, the United States imported 26.5 million tonnes of steel. That included 20.1 million tonnes of finished steel that would require no further processing by workers in the United States, a 12.1% drop as compared to the same period in 2017.
Imports have grabbed about 24% of the U.S. market share so far this year.
(Writing by Alex Guo Editing by Tammy Yang)
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