SBQ final imports to the U.S. were up 27.4% in 2017, year on year (y/y), totaling 570,523 tons for the twelve months ending December 2017. January 2018 SBQ imports came in at tons, 39,926 or 5.0% lower than the 42,025 ton January 2017 volume.
There are nineteen HTS codes that contribute to our definition of SBQ. The top six account for 62% of the total. These include: SBQ Round (0.25 – 0.6 Carbon) < 76mm Dia. = 5,083 tons, Coil (>0.1% lead) = 5,052 tons, Other SBQ = 3,927 tons, Round (Cold Finished, <0.1% lead) = 3,740 tons and Round (Cold finished, >0.1% lead) = 3,621tons
Figure 1 charts the largest exporting countries in rank order for January for both 2018 and 2017.
Canada was the largest exporter in January 2018 with 14,852 tons, up 5.2% year on year, (y/y). Germany sent 5,584 tons to the U.S. in January 2018, down 18.1% y/y. France ranked third with 5,029 tons up 80.9% y/y. Brazil sent 3,359 tons of SBQ to the U.S. in January 2018, better than a five-fold increase % y/y.
Italy exported 2,430 tons of SBQ products to the U.S. in January, up 30.2% y/y. Spain exported 1,963 tons, up 36.8% y/y. Korea sent 1,660 tons, up 27.5% y/y. Sweden exported 952 tons of SBQ to the U.S. in January 2018, climbing 86.0% y/y. The United Kingdom’s volume of SBQ exports in January 2018 was 607 tons, 52.5% less than in January 2017. China exported 604 tons of SBQ, down from January 2017 volume of 1,097 tons. Turkey sent 537 tons in January, falling 57.0% y/y.
These eleven countries accounted for 92.8% of the total SBQ intake. There were 15 other countries that exported a combined 2,885 tons of SBQ in January 2018.
Table 1 shows the entry port into the U.S. for both January 2018 and January 2017 and the percentage change y/y.
New Orleans, was the largest receiving port for January 2018, receiving 10,523 tons, climbing 119% y/y. Detroit offloaded 10,146 tons in January, up 6.1% y/y. Buffalo ranked third with 5,733 tons down 7.5% y/y. Chicago brought-in 1,983 tons, gaining 21.7% y/y. Ogdensburg NY took-in 1,758 tons of SBQ this January, increasing its intake by 85.7% y/y. New York received 1,443 tons, down 8.2% vs. January 2017. Houston/Galveston was the next largest port bringing in 1,329 tons, an decrease of 54.1% y/y. Philadelphia took-in 950 tons, up 81.7% y/y. Savannah offloaded 881 tons of SBQ in January, a 4.2% increase y/y. Rounding-out the top, St. Albans VT offloaded 781 tons, falling 48.1% y/y.
Fifteen other ports combined to receive 4,396 tons of SBQ imports in January 2018, 11.0% of the total volume in January 2017. Year to date 2017 the same country’s combined shipments were 4,497 tons, 10.7% of January 2017 total SBQ imports.
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