Steel Imports Down 21% Year-to-Date Through JuneJuly 24, 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 1,391,000 net tons (NT) of steel in June 2020, including 1,310,000 net tons (NT) of finished steel (down 23.0% and down 12.7%, respectively, vs. May final data). Through the first six months of 2020, total and finished steel imports are 12,387,000 and 8,632,000 net tons (NT), down 20.8% and 26.2%, respectively, vs. the same period in 2019. Annualized total and finished steel imports in 2020 would be 24.8 and 17.3 million NT, down 11.3% and 18.0%, respectively, vs. 2019. Finished steel import market share was an estimated 21% in June and is estimated at 19% over the first six months of 2020.
Key finished steel products with a significant increase in imports in June compared to May are line pipe (up 30%) and sheets and strip hot dipped galvanized (up 23%).
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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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