According to preliminary statistics data issued by the US Department of Commerce, monthly steel imports in the United States during February 2023 decreased by 13.5% compared to January, reaching 2,048,269 tons, and decreased by 4.1% compared to February 2022.
In terms of value, US steel imports totalled $2.79 billion in February, compared to $3.29 billion in January and $3.10 billion in February 2022.
The most salient countries supplying steel to the United States are Canada with 487,989 tons, Mexico with 346,622 tons, Brazil with 320,051 tons, South Korea with 204,493 tons, and Germany with 72,040 tons.
By product group, total flat product imports reached 656,041 tons in February, compared to 790,167 tons in January and 801,007 tons in February 2022. Total long product imports reached 374,079 tons in February, compared to 420,702 tons in January and 439,739 tons in February 2022.
Pipes and tube imports reached 471,394 tons in February 2023, 536,945 tons in January 2023, and 348,109 tons in February 2022. The semi-finished product imports reached 474,877 tons in February, 538,275 tons in January, and 446,605 tons in February 2022.
According to the American Iron and Steel Institute (AISI), the US steel import market share in February 2023 was estimated at 22%, compared to 24% in January and 23% since the beginning of the year.