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Total Steel Imports Decline in April

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The U.S. imported 2.4 million net tons of steel in April, including 1.9 million tons of finished steel, the American Iron and Steel Institute reported. Total imports were down 9.4 percent and finished imports were up 1.4 percent compared with March.

For the year to date, total imports are down 11.9 percent and finished imports were off 14.5 percent compared with the first four months of 2022. Finished steel import market share was an estimated 23 percent in April, the same for the first four months.

Key steel products with a significant import increase in April compared with March are reinforcing bars, up 106 percent; heavy structural shapes, up 76 percent; and wire drawn, up 13 percent.

In April, the largest foreign suppliers were Canada at 594,000 tons, down 10 percent compared with March; Mexico at 345,000 tons, down 21 percent; Brazil at 213,000 tons, down 53 percent; and South Korea at 168,000 tons, down 10 percent.

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