Steel Imports Down 22.8% Year-to-Date Through OctoberNovember 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 1,502,000 net tons (NT) of steel in October 2020, including 1,244,000 net tons (NT) of finished steel (up 19.6% and 6.6%, respectively, vs. September final data). Through the first ten months of 2020, total and finished steel imports are 19,149,000 and 13,612,000 net tons (NT), down 22.8% and 25.9%, respectively, vs. the same period in 2019. Annualized total and finished steel imports in 2020 would be 23.0 and 16.3 million NT, down 17.7% and 22.4%, respectively, vs. 2019. Finished steel import market share was an estimated 18% in October and is estimated at 18% over the first ten months of 2020.
Key finished steel products with a significant increase in imports in October compared to September are oil country goods (up 105.9%), reinforcing bars (up 95.4%), cold rolled sheets (up 41.2%), heavy structural shapes (up 37.1%), wire rods (up 35.8%), hot rolled bars (31.3%) and wire drawn (up 16.2%).
Contact: Lisa Harrison
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AISI serves as the voice of the 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 arc 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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