US steel imports decreased by 22.8% in January-October
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 1,502,000 net tons (NT) of steel in October 2020, including 1,244,000 net tons (NT) of finished steel (up 19.6% and 6.6%, respectively, vs. September final data).
Through the first ten months of 2020, total and finished steel imports are 19,149,000 and 13,612,000 net tons (NT), down 22.8% and 25.9%, respectively, vs. the same period in 2019. Annualized total and finished steel imports in 2020 would be 23.0 and 16.3 million NT, down 17.7% and 22.4%, respectively, vs. 2019.
Finished steel import market share was an estimated 18% in October and is estimated at 18% over the first ten months of 2020.