US Total Steel Imports in H1 of 2021 Up 19% YoY
Based on preliminary Census Bureau data, the American Iron and Steel Institute reported that the US imported a total of 2,897,000 net tons of steel in June 2021, including 2,018,000 net tons of finished steel, up 14.8% and 8.7%, respectively vs May final data. Through the first six months of 2021, total and finished steel imports are 14,688,000 net tons and 9,995,000 net tons, up 18.5% and 15.6%, respectively, vs. the same period in 2020. Annualized total and finished steel imports in 2021 would be 29.4 net tons and 20.0 million net tons, up 33.4% and 23.9%, respectively, vs. 2020.
Finished steel import market share was an estimated 21% in June and is estimated at 19% over the first six months of 2021.
Key finished steel products with a significant increase in imports in June compared to May are hot rolled sheets (up 48%), heavy structural shapes (up 38%), oil country goods (up 35%), line pipe (up 30%), wire rods (up 21%), cold rolled sheets (up 19%), cut lengths plates (up 17%), plates in coils (up 13%), reinforcing bars (up 12%) and hot rolled bars (up 11%).
Products with a significant year-to-date (YTD) increase vs. the same period in 2020 were hot rolled sheets (up 63%), plates in coils (up 41%), cut lengths plates (up 35%), sheets and strip all other metallic coatings (up 31%), wire rods (up 26%), wire drawn (up 22%), tin plate (up 18%), hot rolled bars (up 13%) and sheets and strip galvanized hot dipped (up 12%).