Steel Imports up 7% in January 2022 vs. December 2021

February 25, 2022

Finished Import Market Share at 24%

Note: this press release incorporates revisions to data for June through November 2021 released by the U.S. Census Bureau in February 2022.

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 3,079,000 net tons (NT) of steel in January 2022, including 2,265,000 net tons (NT) of finished steel (up 6.7% and 0.4%, respectively, vs. December 2021).  Total and finished steel imports are up 27.2% and 82.9%, respectively, vs. January 2021.  Over the 12-month period February 2021 to January 2022, total and finished steel imports are up 50.9% and 51.3%, respectively, vs. the prior 12-month period. Finished steel import market share was an estimated 24% in January 2022.

Key finished steel products with a significant import increase in January compared to December are wire rods (up 30%), ingots and billets and slabs (up 29%), hot rolled bars (up 20%), heavy structural shapes (up 20%) and reinforcing bars (up 19%). Products with a significant increase in imports over the 12-month period February 2021 to January 2022 compared to the previous 12-month period include hot rolled sheets (up 104%), oil country goods (up 83%), plates in coils (up 83%), wire rods (up 81%) and sheets and strip all other metallic coated (up 80%).

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.