Association News

U.S. Steel Imports Down in January

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The U.S. imported 2.4 million net tons and 1.2 million tons of finished steel in January, the American Iron and Steel Institute reported.  Net tons were down 23.1 percent and finished steel imports were down 24.8 percent compared with the same month in 2020.

Total and finished steel imports are up 62.2 percent and down 7.5 percent, respectively, vs. the prior month.  Finished steel import market share was an estimated 15 percent in January.

Key finished steel products with a significant import increase in January compared with December are rebar, up 121 percent; heavy structural shapes, up 115 percent; structural pipe and tubing, up 29 percent; and sheets and strip all other metallic coatings, up 20 percent.                                           

In January, the largest volumes of finished steel imports from offshore were from South Korea  at 131,000 tons, down 41 percent from December; Turkey at 82,000 tons, up 498 percent; Japan at 46,000 tons; and Brazil at 42,000 tons, up 8 percent.