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Steel Imports Increase in March

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The U.S. imported 3.1 million tons of steel in March, including 2.5 million tons of finished steel, the American Iron and Steel Institute reported. Total imports were up 31.6 percent and finished steel imports increased 31.6 percent compared with the prior month.

Through the first three months of the year, total steel imports were up 28 percent and finished steel imports increased 48.3 percent vs. the same period in 2021. Finished steel import market share was estimated at 26 percent for the first three months of 2022.

Key finished steel products with a significant import increase in March compared with February were standard pipe, up 89 percent; hot-rolled sheets, up 69 percent; wire rods, up 67 percent; and plates in coil, up 54 percent.  

In March, the largest suppliers were Canada at 651,000 tons, up 39 percent vs. February; Mexico at 542,000 tons, up 21 percent; Brazil at 347,000 tons, up 31 percent; and South Korea at 321,000, up 48 percent. Canada was the largest supplier for the year to date, up 30 percent to 6.9 million tons; followed by Mexico at 5.4 million tons, up 60 percent; Brazil at 4.1 million tons, up 3 percent; and South Korea at 2.8 million tons, up 37 percent.


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