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US steel imports Down 21.9% in the first nine months of 2020

Based on preliminary Census Bureau data, the American Iron and Steel Institute  reported that the U.S. imported a total of 1,255,000 net tons (NT) of steel in September 2020, including 1,166,000 net tons (NT) of finished steel (down 2.8% and 1.1%, respectively, vs. August final data).

Through the first nine months of 2020, total and finished steel imports are 17,646,000 and 12,367,000 net tons (NT), down 21.9% and 26.7%, respectively, vs. the same period in 2019. Annualized total and finished steel imports in 2020 would be 23.5 and 16.5 million NT, down 15.8% and 21.7%, respectively, vs. 2019.

Finished steel import market share was an estimated 16% in September and is estimated at 18% over the first nine months of 2020.

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Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

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