U.S. Steel Imports Rise in July Despite YTD Decline
Steel News | 2026-08-31 05:41:11
The U.S. steel imports totalled around 2.26 million net tons (NT) during July, including nearly 1.56 million NT of finished steel.
By Paul Ploumis
SEATTLE (Scrap Monster): U.S. steel imports increased in July 2026, although volumes remained significantly lower than last year’s levels, according to preliminary Census Bureau figures reported by the American Iron and Steel Institute (AISI).
The U.S. steel imports totalled around 2.26 million net tons (NT) during July, including nearly 1.56 million NT of finished steel. Compared with the prior month, total imports increased 7.4%, while finished steel imports edged higher by 6.3%.
Despite the monthly increase, cumulative imports for the year remained under pressure. Total steel imports during the first seven months of 2026 were 19.6% lower than the corresponding period of 2025. Finished steel imports recorded an even steeper 22.1% decline. Over the 12 months from August 2025 to July 2026, total and finished steel imports fell 21.6% and 25.3%, respectively.
Finished steel accounted for approximately 17% of the U.S. market in July, while its share averaged about 16% through July.
Several product categories recorded strong monthly gains. Wire rod imports jumped 53%, followed by hot-rolled bars at 52%, oil country goods at 45%, and standard pipe at 36%. Heavy structural shapes recorded the biggest jump during the year-to-date period, rising 44%.
South Korea led July suppliers with 556,000 NT, up 32% from June. Canada supplied 280,000 NT, Brazil 253,000 NT, Mexico 192,000 NT, and Vietnam 150,000 NT. Over 12 months, South Korea remained the largest supplier.
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Which country was the largest supplier of steel to the U.S. in July 2026?
Frequently Asked Questions
- How much steel did the U.S. import in July 2026?
The U.S. imported approximately 2.26 million net tons of steel in July 2026, including nearly 1.56 million net tons of finished steel. Total imports increased 7.4% from June, while finished steel imports rose 6.3%.
- Are U.S. steel imports higher or lower than last year?
Despite the July increase, imports remain significantly below 2025 levels. Total steel imports during the first seven months of 2026 were down 19.6% year-on-year, while finished steel imports declined 22.1%.
- Which steel products recorded the largest monthly import increases?
Wire rod imports posted the strongest monthly increase, jumping 53% from June. Hot-rolled bars followed with a 52% gain, while oil country goods and standard pipe imports increased 45% and 36%, respectively.
