Washington, DC - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 2,887,000 net tons (NT) of steel in May 2018, including 2,418,000 net tons (NT) of finished steel (down 23.2% and 16.0%, respectively, vs. April final data). Year-to-date (YTD) through five months of 2018, total and finished steel imports are 15,342,000 and 12,132,000 net tons (NT), down 2.7% and up 0.4%, respectively, vs. the same period in 2017. Annualized total and finished steel imports in 2018 would be 36.8 and 29.1 million NT, down 3.4% and 1.5%, respectively, vs. 2017. Finished steel import market share was an estimated 25% in May and is estimated at 26% YTD.
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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 www.steel.org. Follow AISI on Facebook or Twitter (@AISISteel).