US Finished Steel Imports Up 11% in 2022

The American Iron and Steel Institute has reported that the US’s total and finished steel imports were 30.832 million net ton and 25.249 million net ton in 2022, down 2.0% and up 10.9%, respectively, vs. 2021. Finished steel import market share is estimated at 24% for full year 2022. ---------------------------------Product wise Imports 2022Ingots and Billets and Slabs - 5.6 million net ton, down 36% YoYSheets & Strip Galv. Hot Dipped - 2.8 million net ton, down 4% YoYOil Country Goods - 2.7 million net ton, up 44% YoYSheets Hot Rolled - 2.5 million net ton, down 19% YoYSheets Cold Rolled - 2.2 million net ton, up 21% YoYPlates in Coils - 1.6 million net ton, up 17% YoYWire Rods - 1.5 million net ton, up 30% YoYBars Reinforcing - 1.4 million net ton, up 9% YoYLine Pipe - 1.1 million net ton, up 47% YoYTin Plate - 1.1 million net ton, up 23% YoYBars Hot Rolled - 1.0 million net ton, up 11% YoYStandard Pipe - 0.9 million net ton, up 44% YoYStructural Shapes Heavy - 0.8 million net ton, up 36% YoYWire Drawn - 0.8 million net ton, down 5% YoYMechanical Tubing - 0.7 million net ton, up 15% YoYPlates Cut Lengths - 0.6 million net ton, up 5% YoYAll Other -2.5 million net ton, up 6% YoY -----------------------------------Top Exporting Nations 2022Canada - 6.9 million net ton, down 1% YoYMexico - 5.3 million net ton, up 11% YoYSouth Korea - 2.8 million net ton, up 3% YoYBrazil - 2.6 million net ton, down 41% YoYJapan - 1.3 million net ton, up 16% YoYGermany - 1.1 million net ton, down9% YoYTaiwan - 1.0 million net ton, up 17% YoYTurkey - 1.0 million net ton, down 1% YoYVietnam - 0.9 million net ton, flat YoYIndia - 0.7 million net ton, up 73% YoYChina -0.7 million net ton, up 39% YoYNetherlands - 0.6 million net ton, up 2% YoYAlgeria - 0.5 million net ton, up 40% YoYRomania - 0.5 million net ton, up 28% YoYRussia - 0.5 million net ton, down 72% YoY

US Finished Steel Imports Up 11% in 2022

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