Steel imports down 21% year-to-date through August

Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 1,300,000 net tons (NT) of steel in August 2020, including 1,188,000 net tons (NT) of finished steel (down 51.9% and 13.9%, respectively, vs. July final data). Through the first eight months of 2020, total and finished steel imports are 16,400,000 and 11,211,000 net tons (NT), down 20.7% and 26.9%, respectively, vs. the same period in 2019. Annualized total and finished steel imports in 2020 would be 24.6 and 16.8 million NT, down 11.9% and 20.1%, respectively, vs. 2019. Finished steel import market share was an estimated 17% in August and is estimated at 19% over the first eight months of 2020.

Read more at Steel Imports Down 21% Year-to-Date Through August.

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