Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 2,690,000 net tons (NT) of steel in July 2020, including 1,367,000 net tons (NT) of finished steel (up 92.0% and 3.6%, respectively, vs. June final data). Through the first seven months of 2020, total and finished steel imports are 15,088,000 and 10,010,000 net tons (NT), down 19.2% and 26.1%, respectively, vs. the same period in 2019. Annualized total and finished steel imports in 2020 would be 25.9 and 17.2 million NT, down 7.4% and 18.5%, respectively, vs. 2019. Finished steel import market share was an estimated 20% in July and is estimated at 19% over the first seven months of 2020.

Source: American Iron and Steel Institute