The American Iron and Steel Institute (AISI) has unveiled its highly anticipated 2022 Annual Statistical Report (ASR), which presents a wealth of data encompassing the American steel industry as well as select information on the broader North American steel market.In his statement, AISI President and CEO, Kevin Dempsey, affirms the report's relevance in an ever-evolving industry, praising the ASR for its comprehensive coverage and positioning it as the gold standard for steel industry data. Dempsey encourages individuals with an interest in steel industry data to explore this invaluable resource.The ASR sheds light on the industry's performance in 2022, revealing that shipments from domestic steel mills reached 89.5 million net tons (NT), marking a 5.5 percent decrease compared to the previous year. Moreover, U.S. raw steel production witnessed a decline of 6.2 percent, standing at 94.7 million net tons in 2022.Notably, the report highlights a 2.0 percent decrease in total steel imports into the United States compared to the previous year. However, finished steel imports experienced an 11.0 percent increase during the same period, capturing a 24 percent share of apparent steel consumption. The construction and automotive sectors maintained their positions as the leading end-use markets for U.S. steel product shipments.
The American Iron and Steel Institute (AISI) has unveiled its highly anticipated 2022 Annual Statistical Report (ASR), which presents a wealth of data encompassing the American steel industry as well as select information on the broader North American steel market.In his statement, AISI President and CEO, Kevin Dempsey, affirms the report's relevance in an ever-evolving industry, praising the ASR for its comprehensive coverage and positioning it as the gold standard for steel industry data. Dempsey encourages individuals with an interest in steel industry data to explore this invaluable resource.The ASR sheds light on the industry's performance in 2022, revealing that shipments from domestic steel mills reached 89.5 million net tons (NT), marking a 5.5 percent decrease compared to the previous year. Moreover, U.S. raw steel production witnessed a decline of 6.2 percent, standing at 94.7 million net tons in 2022.Notably, the report highlights a 2.0 percent decrease in total steel imports into the United States compared to the previous year. However, finished steel imports experienced an 11.0 percent increase during the same period, capturing a 24 percent share of apparent steel consumption. The construction and automotive sectors maintained their positions as the leading end-use markets for U.S. steel product shipments.
