Steel Imports Down 22.1% Year-to-Date Through NovemberDecember 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 1,370,000 net tons (NT) of steel in November 2020, including 1,181,000 net tons (NT) of finished steel (down 9.2% and 5.5%, respectively, vs. October final data). Through the first eleven months of 2020, total and finished steel imports are 20,526,000 and 14,799,000 net tons (NT), down 22.1% and 24.9%, respectively, vs. the same period in 2019. Annualized total and finished steel imports in 2020 would be 22.4 and 16.1 million NT, down 19.8% and 23.3%, respectively, vs. 2019. Finished steel import market share was an estimated 17% in November and is estimated at 18% over the first eleven months of 2020.
Key finished steel products with a significant increase in imports in November compared to October are tin plate (up 43%), standard pipe (up 27%), wire rods (up 21%) and sheets and strip all other metallic coatings (up 19%).
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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