Steel Imports Down 5% Year-to-Date Through February

March 23, 2018

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 2,363,000 net tons (NT) of steel in February 2018, including 1,923,000 net tons (NT) of finished steel (down 18.0% and 17.6%, respectively, vs. January final data). Year-todate (YTD) through two months of 2018, total and finished steel imports are 5,245,000 and 4,257,000 net tons (NT), down 5.3% and 3.5%, respectively, vs. the same period in 2017. Annualized total and finished steel imports in 2018 would be 31.5 and 25.5 million NT, down 17.5% and 13.6%, respectively, vs. 2017. Finished steel import market share was an estimated 24% in February and is estimated at 25% YTD.

Key finished steel products with significant import increases in February compared to January include heavy structural shapes (up 60%) and wire rods (up 37%). Major products with significant year-to-date (YTD) increases vs. the same period in 2017 include oil country goods (up 57%), hot rolled sheets (up 33%), line pipe (up 30%), hot rolled bars (up 27%), mechanical tubing (up 17%) and plates in coils (up 16%).

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Contact: Lisa Harrison
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AISI serves as the voice of the North 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 is comprised of 21 member companies, including integrated and electric furnace steelmakers, and approximately 120 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 Follow AISI on Facebook or Twitter (@AISISteel).