Steel Imports Up 44.6% Year-To-Date Through November
December 28, 2021Finished Import Market Share YTD at 22%
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 3,120,000 net tons (NT) of steel in November 2021, including 2,583,000 net tons (NT) of finished steel (up 13.9% and 9.6%, respectively, vs. October final data). Through the first eleven months of 2021, total and finished steel imports are 29,681,000 and 21,626,000 net tons (NT), up 44.6% and 46.1%, respectively, vs. the same period in 2020. Annualized total and finished steel imports in 2021 would be 32.4 and 23.6 million NT, up 47.1% and 46.2%, respectively, vs. 2020. Finished steel import market share was an estimated 27% in November and is estimated at 22% over the first eleven months of 2021.
Key finished steel products with a significant increase in imports in November compared to October are heavy structural shapes (up 64%), sheets and strip all other metallic coatings (up 33%), cold rolled sheets (up 32%), hot rolled bars (up 29%), oil country goods (up 28%), sheets and strip galvanized hot dipped (up 27%) and tin plate (up 10%). Products with a significant year-to-date (YTD) increase vs. the same period in 2020 were hot rolled sheets (up 137%), plates in coils (up 109%), sheets and strip all other metallic coatings (up 66%), oil country goods (up 62%), cut lengths plates (up 60%), wire rods (up 60%), cold rolled sheets (up 41%), heavy structural shapes (up 31%), hot rolled bars (up 30%), sheets and strip hot dipped galvanized (up 29%), wire drawn (up 23%), reinforcing bars (up 23%), mechanical tubing (up 20%) and tin plate (up 13%).
Click here for the full statistical report.
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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’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, LinkedIn, Twitter (@AISISteel) or Instagram.
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