Washington, D.C. – Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 2,403,000 net tons (NT) of steel in October 2022, including 1,955,000 net tons (NT) of finished steel (up 7.2% and 5.1%, respectively, vs. September 2022). Total and finished steel imports are up 3.7% and 19.1%, respectively, year-to-date vs. 2021. Over the 12-month period November 2021 to October 2022, total and finished steel imports are up 13.5% and 26.8%, respectively, vs. the prior 12-month period. Finished steel import market share was an estimated 23% in October and is estimated at 24% over the first ten months of 2022.

Key steel products with a significant import increase in October compared to September are heavy structural shapes (up 94%), cut length plates (up 21%), hot rolled bars (up 20%), wire rods (up 20%) and ingots and billets and slabs (up 18%). Products with a significant increase in imports over the 12-month period November 2021 to October 2022 compared to the previous 12-month period include oil country goods (up 60%), heavy structural shapes (up 56%), standard pipe (up 49%), line pipe (up 49%) and wire rods (up 48%).

In October, the largest suppliers were Canada (561,000 NT, up 4% vs. September), Mexico (422,000 NT, up 34%), South Korea (202,000 NT, down 34%), Brazil (202,000 NT, up 7%) and Germany (108,000 NT, up 40%). Over the 12-month period November 2021 to October 2022, the largest suppliers were Canada (6,896,000 NT, up 2%  compared to the previous 12-months), Mexico (5,645,000 NT, up 33%), South Korea (2,909,000 NT, up 11%), Brazil (2,775,000 NT, down 31%) and Japan (1,266,000 NT, up 32%). Below are charts on steel imports by country and estimated finished steel import market share in recent months.

Click here for the full statistical report.

Courtesy: https://www.steel.org/2022/11/steel-imports-up-7-2-in-october-vs-september/