Steel Imports Up 7.1% Year-To-Date Through May

June 23, 2021

Finished Import Market Share YTD at 19%

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 2,513,000 net tons (NT) of steel in May 2021, including 1,845,000 net tons (NT) of finished steel (down 4.8% and up 11.3%, respectively, vs. April final data). Through the first five months of 2021, total and finished steel imports are 11,780,000 and 7,966,000 net tons (NT), up 7.1% and 8.8%, respectively, vs. the same period in 2020. Annualized total and finished steel imports in 2021 would be 28.3 and 19.1 million NT, up 28.4% and 18.5%, respectively, vs. 2020. Finished steel import market share was an estimated 20% in May and is estimated at 19% over the first five months of 2021.

Key finished steel products with a significant increase in imports in May compared to April are tin plate (up 240%), wire rods (up 57%), sheets and strip hot dipped galvanized (up 24%) and cold rolled sheets (up 47%). Products with a significant year-to-date (YTD) increase vs. the same period in 2020 were hot rolled sheets (up 42%), sheets and strip all other metallic coatings (up 30%), cut lengths plates (up 30%), plates in coils (up 28%), tin plate (up 17%), wire drawn (up 16%) and sheets and strip galvanized hot dipped (up 12%).

Click here for the full statistical report.

#####

Contact: Lisa Harrison

202.452.7115 / lharrison@steel.org

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).