Wire rod final imports to the U.S. were up 6.1% year to date (YTD), year on year (y/y), totaling 1,531,628 tons for the nine months ending September 2017. September’s tonnage recorded 117,116 tons, 31.1% lower than the YTD average volume of 170,181 tons
Figure 1 charts the largest exporting countries in rank order on a YTD basis through September for both 2016 and 2017.
Canada was the largest exporter with 436,261 tons, up 3.3% YTD y/y. September’s tonnage was 50,571 tons, 2.7% greater than its YTD average of 49,247 tons. Japan sent 239,482 tons to the U.S. YTD, down 1.3% YTD y/y. September’s volume came in at 27,512 tons, 3.4% more than its YTD average of 26,609 tons. Brazil exported 134,814 tons of rod, gaining 38.8% YTD y/y. September’s volume was 26,570 tons, 77.4% higher than its YTD average volume of 14,979 tons. Turkey ranked fourth YTD with 114,681 tons, surging 61.3% YTD y/y. September’s rod export tonnage was 714 tons, down substantially from its YTD average of 12,631 tons. Ukraine sent 103,482 tons of wire rod to the U.S., down 21.0% YTD y/y. Its shipment volumes have been erratic ranging from zero tons shipped in June to 30,825 tons in February. Ukraine did not export any tons in either August or September.
Canada, Japan, Turkey Brazil and Ukraine combined to account for 1,027,587 tons for 65.1% of total wire rod imports.
Germany was the next largest with 101,760 tons, up 90.4% YTD y/y. Volume for the month of September was 3,162 tons, 72.0% lower than its YTD average of 11,307 tons. Russia brought in 57,893 tons wire rod to the U.S. YTD, 35.8% less than for the same timeframe last year. Russia did not export any rod in either August or September. Spain’s YTD y/y volume decreased by 15.1% to 49,713 tons. September tons were just 45, well below its YTD average of 5,524 tons. Mexico YTD wire rod exports were 40,765 tons, off 9.2% YTD y/y. Mexico exported 996 tons of rod to the U.S. in September, down 78.0% from its YTD average of 4,529 tons.
Egypt is a new entrant with 16,762 tons in July followed by 11,561 tons in August and 9,847 tons September. Its YTD total through September was 38,170 tons. Egypt did not ship any tons in 2016. Korea sent 36,856 tons of rod to the U.S. YTD, down 57.4% y/y. Korea’s September tons were down to 356 tons, down 91.3% from its YTD average of 4,095 tons. The United Kingdom sent 36,259, down 22.0%, YTD y/y. The United Kingdom’s September volume was just 811 tons, off sharply from its YTD average of 4,029 tons. South Africa exported 31,156 tons of rod to the U.S. market YTD, up 41.3% y/y. South Africa has not exported any rod since June. Italy exported 29,887 tons YTD, up 95.4% y/y. Italy did not send any rod to the U.S. in September. Belarus landed 27,757 tons of rod in the U.S. market YTD, down 21.5% y/y. Belarus has not shipped any tons since June.
Twelve other countries exported a combined total of 53,559 tons, 3.5% of wire rod to the U.S. market YTD 2017. During the same period last year the same 13 country’s shipped only 4,531 tons.
New Orleans was the largest receiving port, offloading 497,791 tons YTD, up 8.1%, YTD y/y. Detroit held the number two spot with 318,265 tons, up 5.9%, YTD y/y. Ogdensburg, NY took-in 100,677 tons, down 6.3% YTD y/y. Tampa ranked fourth with 90,362 tons, off 13.8%, YTD y/y. Houston-Galveston took-in 85,379 tons, up 16.4 %, YTD y/y. Charleston received 83,551 tons, off 7.3%, YTD y/y. Philadelphia brought-in 75,931 tons, down 2.3%, YTD y/y. Mobile took-in 64,045 tons YTD, up 95.1%, YTD y/y. Savannah offloaded 55,084 tons, down 3.6%, YTD y/y. The 10th largest wire rod receiving port was Laredo TX, with 29,746 tons, higher by 11.9% YTD y/y.
Sixteen additional ports combined to receive 108,187 tons of wire rod imports thus far in 2017, 7.1% of the total volume YTD. Year to date 2016, the same 16 ports took in 102,288 tons resulting in the identical 7.1% ratio of 2016 TYD shipments.
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