The American Iron and Steel Institute reported that US imported a total of 2.729 million net tons of steel in April 2022, including 2.264 million net tons of finished steel, down 11.7% & 9.4% respectively vs March 2022. Key steel products with a significant import increase in April compared to March are tin plate up 28.9% and cut lengths plates up 22.5%. In April, the largest suppliers were Canada 613,000 net tons down 6% vs March, Mexico 395,000 net tons down 27%, South Korea 250,000 net tons down 22%, Brazil 241,000 net tons down 31% and Vietnam 121,000 net tons down 28%.Total and finished steel imports are up 21.0% & 45.1% respectively YoY. Over the 12-month period May 2021 to April 2022, total and finished steel imports are up 51.3% & 55.3%, respectively vs the prior 12-month period. Finished steel import market share was an estimated 27% in April and is estimated at 25% over the first four months of 2022. Products with a significant increase in imports over the 12-month period May 2021 to April 2022 compared to the previous 12-month period include oil country goods up 118%, wire rods up 117%, plates in coils up 81%, hot rolled sheets up 78% and cold rolled sheets up 76%.Over the 12-month period May 2021 to April 2022, the largest suppliers were Canada at 6.970,000 million net tons up 25% YoY, Mexico 5.342 million net tons up 58%, Brazil 3.690 million net tons up 8%, South Korea 2.828 million net tons up 30% and Russia 1.637 million net tons up 290%.
The American Iron and Steel Institute reported that US imported a total of 2.729 million net tons of steel in April 2022, including 2.264 million net tons of finished steel, down 11.7% & 9.4% respectively vs March 2022. Key steel products with a significant import increase in April compared to March are tin plate up 28.9% and cut lengths plates up 22.5%. In April, the largest suppliers were Canada 613,000 net tons down 6% vs March, Mexico 395,000 net tons down 27%, South Korea 250,000 net tons down 22%, Brazil 241,000 net tons down 31% and Vietnam 121,000 net tons down 28%.Total and finished steel imports are up 21.0% & 45.1% respectively YoY. Over the 12-month period May 2021 to April 2022, total and finished steel imports are up 51.3% & 55.3%, respectively vs the prior 12-month period. Finished steel import market share was an estimated 27% in April and is estimated at 25% over the first four months of 2022. Products with a significant increase in imports over the 12-month period May 2021 to April 2022 compared to the previous 12-month period include oil country goods up 118%, wire rods up 117%, plates in coils up 81%, hot rolled sheets up 78% and cold rolled sheets up 76%.Over the 12-month period May 2021 to April 2022, the largest suppliers were Canada at 6.970,000 million net tons up 25% YoY, Mexico 5.342 million net tons up 58%, Brazil 3.690 million net tons up 8%, South Korea 2.828 million net tons up 30% and Russia 1.637 million net tons up 290%.
