Flat Rolled Steel Imports Up 62% in 2Q 2014

Total shipments of sheet and strip products including hot rolled, cold rolled and all coated products were down by 0.6 percent year to date (YTD) compared to the first half of 2013. In the second quarter of 2014 compared to the first quarter, the total tonnage was down by 0.7 percent and comparing Q2 2014 with Q2 2013 tonnage was down by 0.6 percent. Comparing YTD shipments for 2014 and 2013 for individual products, hot band was up by 1.6 percent and HDG by 1.4 percent. Cold rolled was down by 2.5 percent, electro-galvanized by 13 percent and other metallic coated, (mainly Galvalume) by 23.9 percent, (Table 1). In the 2nd quarter total sheet product imports were up by 62 percent year over year which has clearly absorbed all of the market’s strength and then some.