Steel Imports Down 20% Year-to-Date Through April 2020May 27, 2020
Washington, D.C. – Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 2,773,000 net tons (NT) of steel in April 2020, including 1,309,000 net tons (NT) of finished steel (up 58.2% and down 13.5%, respectively, vs. March final data). Through the first four months of 2020, total and finished steel imports are 9,185,000 and 5,819,000 net tons (NT), down 20.3% and 28.2%, respectively, vs. the same period in 2019. Annualized total and finished steel imports in 2020 would be 27.6 and 17.5 million NT, down 1.4% and 17.1%, respectively, vs. 2019. Finished steel import market share was an estimated 21% in April and is estimated at 18% over the first four months of 2020.
Key finished steel products with a significant increase in imports in April compared to March are heavy structural shapes (up 57%), reinforcing bars (up 54%), sheets and strip all other metallic coatings (up 31%) and tin plate (up 14%).
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AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI’s membership is comprised of integrated and electric furnace steelmakers, and associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view AISI’s website at www.steel.org. Follow AISI on Facebook or Twitter (@AISISteel).
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