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Steel News May 30, 2023 09:30:01 PM

AISI: U.S. Steel Imports Dipped in April This Year

Paul Ploumis
ScrapMonster Author
The finished steel import market share was estimated at 23% in April and the first four months this year.

AISI: U.S. Steel Imports Dipped in April This Year

SEATTLE (Scrap Monster): The total steel imports stood at 2.369 million net tons during the month of April this year, as per the most recent statistics published by the U.S. Census Bureau. This is substantially down by 9.4% when compared with the imports during the prior month. On the contrary, the finished steel imports registered modest increase by 1.4% month-on-month to total 1.933 million net tons.

The finished steel product that reported highest surge in import volumes was reinforcing bars, whose imports during April this year recorded nearly 106% surge over the prior month. The imports of heavy structural shapes too were up by 76%. The imports of wire drawn and wire rods were up by 13% and 12% respectively.

Over the 12-month period from May 2022 to April 2023, the total and finished steel imports were down by 11.7% and 6.1% respectively. The finished steel import market share was estimated at 23% in April and the first four months this year.

The finished steel products which recorded notable increase in imports over the 12-month period were line pipe and oil country goods, surging higher by 42% and 41% respectively, said AISI data.

The largest suppliers during the month were Canada, Mexico, Brazil, South Korea and Japan. Over, the 12-month period too, the above countries featured among the top five suppliers, AISI noted.

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