Association News

Steel Imports Slide in September

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The U.S. imported 1.26 million net tons of steel, including 1.17 million tons of finished steel, in September. Net imports were down 2.8 percent and finished steel imports declined 1.1 percent compared with the prior month.

For the year to date, total steel imports of 17.65 million tons were down 21 percent, while finished steel imports declined 26.7 percent compared with 2019. Finished steel market share was estimated at 16 percent in September and 18 percent for the year to date.

In September the largest volumes of finished steel imports from offshore were from South Korea at 124,000 tons, up 11 percent compared with August; Taiwan at 58,000 tons, up 73 percent; Japan at 57,000 tons, up 28 percent; Germany at 52,000 tons, up 3 percent; and The Netherlands at 33,000 tons, down 10 percent.

For the year to date, South Korea has been the largest offshore supplier at 1.52 million tons, down 26 percent from 2019; followed by Japan at 586,000 tons, down 42 percent; Germany at 525,000 tons, down 37 percent; Taiwan at 463,000 tons, down 37 percent; and Turkey at 427,000 tons, up 65 percent.

 

 

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