Steel Imports Down 19% Year-to-Date Through July 2020

August 25, 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 2,690,000 net tons (NT) of steel in July 2020, including 1,367,000 net tons (NT) of finished steel (up 92.0% and 3.6%, respectively, vs. June final data). Through the first seven months of 2020, total and finished steel imports are 15,088,000 and 10,010,000 net tons (NT), down 19.2% and 26.1%, respectively, vs. the same period in 2019. Annualized total and finished steel imports in 2020 would be 25.9 and 17.2 million NT, down 7.4% and 18.5%, respectively, vs. 2019. Finished steel import market share was an estimated 20% in July and is estimated at 19% over the first seven months of 2020.

Key finished steel products with a significant increase in imports in July compared to June are reinforcing bars (up 61%), tin free steel (up 61%), heavy structural shapes (up 51%), tin plate (up 43%) and hot dipped galvanized sheets and strip (up 35%). A product with a significant year-to date (YTD) increase vs. the same period in 2019 was tin free steel (up 29%).

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Contact: Lisa Harrison
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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 Follow AISI on Facebook or Twitter (@AISISteel).