Based on preliminary Census Bureau data, the American Iron and Steel Institute reported today that the US imported a total of 2,708,000 net tons of steel in October 2021, including 2,325,000 net tons of finished steel (down 16.7% and 6.0%, respectively, vs. September final data). Through the first ten months of 2021, total and finished steel imports are 26,530,000 net tons and 19,012,000 net tons, up 38.5% and 39.6%, respectively, vs. the same period in 2020. Annualized total and finished steel imports in 2021 would be 31.8 net tons and 22.8 million net tons, up 44.6% and 41.4%, respectively, vs. 2020. Finished steel import market share was an estimated 24% in October and is estimated at 21% over the first ten months of 2021.Key finished steel products with a significant increase in imports in October compared to September are Hot rolled sheets (up 13%)Hot dipped galvanized (up 12%)Products with a significant year-to-date (YTD) increase vs. the same period in 2020 areHot rolled sheets (up 123%)Plates in coils (up 95%)Wire rods (up 62%)Coated steel (up 59%)Cut to length plates (up 58%)Oil country goods (up 44%)Cold rolled sheets (up 32%)Hot rolled bars (up 26%)Wire drawn (up 23%)Hot dipped galvanized (up 22%)Reinforcing bars (up 18%)Tin plate (up 17%)
Based on preliminary Census Bureau data, the American Iron and Steel Institute reported today that the US imported a total of 2,708,000 net tons of steel in October 2021, including 2,325,000 net tons of finished steel (down 16.7% and 6.0%, respectively, vs. September final data). Through the first ten months of 2021, total and finished steel imports are 26,530,000 net tons and 19,012,000 net tons, up 38.5% and 39.6%, respectively, vs. the same period in 2020. Annualized total and finished steel imports in 2021 would be 31.8 net tons and 22.8 million net tons, up 44.6% and 41.4%, respectively, vs. 2020. Finished steel import market share was an estimated 24% in October and is estimated at 21% over the first ten months of 2021.Key finished steel products with a significant increase in imports in October compared to September are Hot rolled sheets (up 13%)Hot dipped galvanized (up 12%)Products with a significant year-to-date (YTD) increase vs. the same period in 2020 areHot rolled sheets (up 123%)Plates in coils (up 95%)Wire rods (up 62%)Coated steel (up 59%)Cut to length plates (up 58%)Oil country goods (up 44%)Cold rolled sheets (up 32%)Hot rolled bars (up 26%)Wire drawn (up 23%)Hot dipped galvanized (up 22%)Reinforcing bars (up 18%)Tin plate (up 17%)
