Steel Imports Down 16% Between May and June

July 25, 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 2,480,000 net tons (NT) of steel in June 2018, including 1,843,000 net tons (NT) of finished steel (down 15.5% and 24.6%, respectively, vs. May final data). Year-to-date (YTD) through six months of 2018, total and finished steel imports are 17,869,000 and 13,999,000 net tons (NT), down 9.3% and 7.1%, respectively, vs. the same period in 2017. Annualized total and finished steel imports in 2018 would be 35.7 and 28.0 million NT, down 6.3% and 5.3%, respectively, vs. 2017. Finished steel import market share was an estimated 22% in June and is estimated at 25% YTD.

A key finished steel product with a significant import increase in June compared to May was sheets and strip all other metallic coatings (up 11%). Major products with significant year-to-date (YTD) increases vs. the same period in 2017 include hot rolled sheets (up 24%), plates in coils (up 21%), line pipe (up 14%) and mechanical tubing (up 11%).

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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).