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US steel imports account for 24% of the market share

Based on Bureau data preliminary Census, the American Iron and Steel Institute (AISI) reports that in January 2023, the United States imported 2,607,000 tonnes (NT) of steel, up by 18.3% compared to December 2022 and down by 14.4% compared to January 2022, including 2,000,000 tonnes (NT) of finished steel products, up 7.3% compared to December 2022 and down by 12.2% compared to January 2022.

In the 12 months from February 2022 to January 2023, total steel imports decreased by 5.2%, and finished steel products increased by 5.0%. The market share of imported finished steel products was about 24% in January 2023.

In January, the largest suppliers were Canada with 593,000 (NT), Mexico with 456,000 (NT), Brazil with 395,000 (NT), South Korea with 139,000 (NT) and Japan with 136,000 (NT).

During the 12 months from February 2022 to January 2023, the most considerable suppliers were Canada with 6,875,000 (NT), Mexico with 5,187,000 (NT), and South Korea with 2,796,000 (NT), Brazil with 2,587,000 (NT) and Japan with 1,275,000 (NT).

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