The American Iron and Steel Institute has reported that the US imported a total of 2.607 million net tons of steel in January 2023 up 18.3% MoM but down 14.4% YoY, including 2.000 million net tons of finished steel up 7.3 MoM but down 12.2% YoY. Finished steel import market share was an estimated 24% in January 2023.Key finished steel products with a significant import increase in January compared to December are heavy structural shapes up 99% MoM, cut lengths plates up 83% MoM, semis up 79% MoM, metallic coatings up 55% MoM and mechanical tubing up 36% MoM. Canada - 593,000 net tons, up 14% MoMMexico - 456,000 net tons, up 10% MoMBrazil - 395,000 net tons, up 711% MoMSouth Korea - 139,000 net tons, down 40% MoMJapan - 136,000 net tons, up 14% MoMOver the 12-month period February 2022 to January 2023, total and finished steel imports are down 5.2% YoY and up 5.0% YoY. Products with a significant increase in imports over the 12-month period February 2022 to January 2023 compared to the previous 12-month period include line pipe up 47% YoY, oil country goods up 44% YoY, standard pipe up 39% YoY, heavy structural shapes up 39% YoY and wire rods up 14% YoY.Canada – 6.875,000 million net tons, down 1% YoYMexico – 5.187 million net tons, up 5% YoYSouth Korea – 2.796 million net tons, up 1% YoYBrazil -2.587 million net tons, down 34% YoYJapan – 1.275 million net tons, up 10% YoY
The American Iron and Steel Institute has reported that the US imported a total of 2.607 million net tons of steel in January 2023 up 18.3% MoM but down 14.4% YoY, including 2.000 million net tons of finished steel up 7.3 MoM but down 12.2% YoY. Finished steel import market share was an estimated 24% in January 2023.Key finished steel products with a significant import increase in January compared to December are heavy structural shapes up 99% MoM, cut lengths plates up 83% MoM, semis up 79% MoM, metallic coatings up 55% MoM and mechanical tubing up 36% MoM. Canada - 593,000 net tons, up 14% MoMMexico - 456,000 net tons, up 10% MoMBrazil - 395,000 net tons, up 711% MoMSouth Korea - 139,000 net tons, down 40% MoMJapan - 136,000 net tons, up 14% MoMOver the 12-month period February 2022 to January 2023, total and finished steel imports are down 5.2% YoY and up 5.0% YoY. Products with a significant increase in imports over the 12-month period February 2022 to January 2023 compared to the previous 12-month period include line pipe up 47% YoY, oil country goods up 44% YoY, standard pipe up 39% YoY, heavy structural shapes up 39% YoY and wire rods up 14% YoY.Canada – 6.875,000 million net tons, down 1% YoYMexico – 5.187 million net tons, up 5% YoYSouth Korea – 2.796 million net tons, up 1% YoYBrazil -2.587 million net tons, down 34% YoYJapan – 1.275 million net tons, up 10% YoY
