Steel Imports Rise in April
By
Metal Center News Staff on
May 24, 2024
The U.S. imported 2.1 million net tons of steel in April, up 4.5 percent compared with March, the American Iron and Steel Institute reported. Total steel imports of 2.8 million tons were up 11.3 percent compared with the prior month.
For the first four months of the year, net imports were up 2.2 percent and total imports were up 4.5 percent compared with 2023. Finished steel import makret share was an estimated 24 percent in March, slightly above the 23 percent for the full year.
Key steel products with a significant import increase in April compared with March were wire rods, up 62 percent; blooms, billets and slabs, up 38 percent; tin plate, up 37 percent; and cold-rolled sheets, up 23 percent.
In April, the largest suppliers were Canada at 587,000 net tons, down 1.7 percent from March; Mexico at 423,000, up 47.7 percent; Brazil at 386,000, down 1.5 percent; and Vietnam at 145,000, up 66 percent.