Steel Imports Down 22% Through March 2020

April 23rd, 2020

The American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 1,750,000 net tons (NT) of steel in March 2020. This included 1,511,000 NT of finished steel, up 15.9% and 12.1%, respectively, vs. February 2019.

Through the first quarter of 2020, total and finished steel imports are 6,410,000 and 4,507,000 NT, which is down 21.7% and 25.6%, respectively, vs. the first quarter 2019.

Annualized total and finished steel imports in 2020 would be 25.6 and 18.0 million NT, down 8.2% and 14.4%, respectively, vs. 2019. Finished steel import market share was an estimated 17% in March and is estimated at 17% over the first three months of 2020.

Source: American Iron and Steel Institute