The American Iron & Steel Institute has reported that the US imported a total of 2.237 million net tons of steel in September 2022, including 1.858 million net tons of finished steel, down 10.9% and 10.8%, respectively, vs August 2022. Finished steel import market share was an estimated 22% in September. Key steel products with a significant import increase in September compared to August are line pipe up 63% and standard pipe up 19%. In September, the largest suppliers were Canada (539,000 NT, down 8% vs. August), Mexico (316,000 NT, down 35%), South Korea (305,000 NT, up 72%), Brazil (188,000 NT, up 7%) and Taiwan (102,000 NT, up 24%). Total and finished steel imports are up 4.4% and 22.5%, respectively, year-to-date vs 2021. Finished steel import market share was an estimated at 24% over the first nine months of 2022. Over the 12-month period October 2021 to September 2022, total and finished steel imports are up 17.9% and 33.0%, respectively, vs the prior 12-month period. Products with a significant increase in imports over the 12-month period October 2021 to September 2022 compared to the previous 12-month period include oil country goods up 70%, wire rods up 63%, plates in coils up 47%, line pipe up 47% and standard pipe up 46%. Over the 12-month period October 2021 to September 2022, the largest suppliers were Canada (6,924,000 NT, up 5% vs. compared to the previous 12-months), Mexico (5,679,000 NT, up 40%), South Korea (2,915,000 NT, up 13%), Brazil (2,750,000 NT, down 30%) and Vietnam (1,266,000 NT, up 128%).
The American Iron & Steel Institute has reported that the US imported a total of 2.237 million net tons of steel in September 2022, including 1.858 million net tons of finished steel, down 10.9% and 10.8%, respectively, vs August 2022. Finished steel import market share was an estimated 22% in September. Key steel products with a significant import increase in September compared to August are line pipe up 63% and standard pipe up 19%. In September, the largest suppliers were Canada (539,000 NT, down 8% vs. August), Mexico (316,000 NT, down 35%), South Korea (305,000 NT, up 72%), Brazil (188,000 NT, up 7%) and Taiwan (102,000 NT, up 24%). Total and finished steel imports are up 4.4% and 22.5%, respectively, year-to-date vs 2021. Finished steel import market share was an estimated at 24% over the first nine months of 2022. Over the 12-month period October 2021 to September 2022, total and finished steel imports are up 17.9% and 33.0%, respectively, vs the prior 12-month period. Products with a significant increase in imports over the 12-month period October 2021 to September 2022 compared to the previous 12-month period include oil country goods up 70%, wire rods up 63%, plates in coils up 47%, line pipe up 47% and standard pipe up 46%. Over the 12-month period October 2021 to September 2022, the largest suppliers were Canada (6,924,000 NT, up 5% vs. compared to the previous 12-months), Mexico (5,679,000 NT, up 40%), South Korea (2,915,000 NT, up 13%), Brazil (2,750,000 NT, down 30%) and Vietnam (1,266,000 NT, up 128%).
