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Based on reported import licenses, US flat steel products imports rose 6% from 703,000 short tons in December to 743,000 tons in January. The increase was mainly driven by higher hot rolled imports from Japan, Korea, and Turkey, though cold rolled imports declined from Turkey, Russia, and Australia.

SIMA US flat products import licenses and actuals
January 2013 to January 2018
short tons


Photo by LHOON from Mechelen, Belgium (Coils on wagons) [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

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Q4 2017 financial results

by Tony Taccone on February 2, 2018

in Data

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Most companies we follow have now reported Q4 and full year 2017 financial results. Q4 2017 EBITDA per ton was generally lower than Q3, while full year 2017 EBITDA per ton was generally higher than 2016. EBITDA per ton by company can be seen in the chart below and the supporting data are available in the linked spreadsheet.

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Worldsteel reported crude steel production in China at 67.0 million metric tonnes in December, 1.8% higher than in December 2016. Taking into account Worldsteel revisions, full-year output in 2017 was 5.7% higher than it was in 2016.

In addition, China’s net finished steel exports (exports minus imports) were 4.5 million tonnes, 32.4% lower than in December 2016, while full-year 2017 net exports were 35.0% lower than in 2016. Full-year net exports as a portion of crude steel production fell from 12.2% in 2016 to 7.5% in 2017.

China monthly crude steel production 2006 to 2017
thousand metric tonnes


Uddeholm Hagfors Ingot Casting
Photo by Uddeholms AB (Communications Department, Uddeholms AB) [Public domain], via Wikimedia Commons. Page URL https://commons.wikimedia.org/wiki/File%3AIngot_Casting.jpg

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Worldsteel published December and full-year 2017 world crude steel production yesterday. World crude steel production was 138.1 million metric tonnes in December, 3.9% higher than in December 2016. Full-year 2017 production was 1,691.2 million tonnes, 5.3% higher than in 2016.

Chinese crude production accounted for 49% of full-year 2017 world output and showed a 5.7% increase between 2016 and 2017, accounting for 53% of the rise in world production year-on-year. Other Asian countries with strong growth between 2016 and 2017 include India (+6.2%), South Korea (+3.7%) and Taiwan (+6.8%). European Union production increased 4.1% over the same period and North American output was up 4.9%, driven by a 4.0% increase in the US. Other significant production gains around the world came from Turkey (+13.1%), Brazil (+9.9%), and Iran (+21.4%).

All the data for 2017 and for a number of prior years can be found in the downloadable spreadsheet below. Note that monthly data may not match the annual summary data because the annual data includes estimates of other countries that only report annually.


Ladle charging: moving hot metal to a basic oxygen furnace to make steel
Photo from Worldsteel Association Image Library by worldsteel / Seong Joon Cho, image ref.: worldsteel_posco_south-korea_steelmaking_3.jpg

 

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Based on reported import licenses, US long steel products imports rose 4% from 233,000 short tons in November to 241,000 tons in December. The increase between November and December was mainly due to higher parallel flange sections imports which rose from unusually low levels in November from countries including South Korea. Long products imports for the full 2017 year were 11% lower than in 2016, primarily due to a 29% drop in rebar imports.

SIMA US long products import licenses and actuals
2012 to 2017

short tons


Stack of finished wire rod coils
Photo from Worldsteel Association Image Library by worldsteel / Gregor Schlaeger, Image Ref.: worldsteel_BSW_Germany_Coils_6.jpg

 

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Based on reported import licenses, US flat steel products imports dropped 16% from 802,000 short tons in November to 677,000 tons in December. 2017 flat products imports for the full calendar year were 4% lower than in 2016. However, comparing 2017 imports to 2016 imports by product category, cut plate imports fell 35% and hot roll imports declined by 17% while cold roll imports rose 14% and hot dip galvanized imports rose 11%.

Imports fell between November and December 2017 in all product categories but particularly in hot roll, due to lower imports from countries such as the Netherlands and Germany, and in hot dip galvanized, with lower volumes from Turkey and Canada.

SIMA US flat products import licenses and actuals
January 2013 to December 2017
short tons


Hot dip galvanizing coated steel coils in storage
Photo from Worldsteel Association Image Library by Worldsteel / Gregor Schläger, Image Ref: worldsteel_thyssenkrupp-steel_germany_coating-and-finishing_11.jpg

 

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