Steel Imports Down 23% In January 2021 Compared To January 2020
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported on February 25 that the U.S. imported a total of 2,422,000 net tons (NT) of steel in January 2021, including 1,239,000 net tons (NT) of finished steel (down 23.1% and 24.8%, respectively, vs. January 2020).
Total and finished steel imports are up 62.2% and down 7.5%, respectively, vs. the prior month, December 2020. Finished steel import market share was an estimated 15% in January 2021.
Key finished steel products with a significant import increase in January compared to December are reinforcing bars (up 121%), heavy structural shapes (up 115%), sheets and strip all other metallic coatings (up 20%), structural pipe and tubing (up 29%) and mechanical tubing (up 12%).
To continue reading more articles this month, check out our full O’Neal Steel Market Informer.
You can view each month’s Market Informer, on our blog, The Knowledge Tree.