Metal Recycling

Steel imports down 13.7 percent

Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,067,000 net tons (NT) of steel in November 2024, including 1,593,000 net tons (NT) of finished steel (down 13.7 percent and 13.5 percent, respectively, vs. October 2024). Total and finished steel imports are up 2.5 percent and 3.0 percent, respectively, year-to-date vs. 2023. Over the 12-month period December 2023 to November 2024, total and finished steel imports are up 1.9 percent and 1.6 percent, respectively, vs. the prior 12-month period. Finished steel import market share was an estimated
21 percent in November and is estimated at 23 percent over the first eleven months of 2024.

Key steel products with a significant import increase in November compared to October are oil country goods (up 45 percent), sheet and strip all other metallic coated (up 33 percent) and line pipe (up 22 percent). Products with a significant increase in imports over the 12-month period December 2023 to November 2024 compared to the previous 12-month period include sheets and strip all other metallic coated (up 46 percent), sheets and strip hot dipped galvanized (up 36 percent), cold rolled sheets (up 24 percent), tin plate (up 23 percent) and wire rods (up 19 percent).

In November, the largest suppliers were Canada (475,000 NT, down 13 percent from October), Brazil (306,000 NT, down 16 percent), Mexico (282,000 NT, down 22 percent), South Korea (179,000 NT, up 10 percent), and Vietnam (120,000 NT, up 18 percent). Over the 12-month period December 2023 to November 2024, the largest suppliers were Canada (6,575,000 NT, down 4 percent compared to the previous twelve months), Brazil (4,719,000 NT, up 29 percent), Mexico (3,482,000 NT, down 19 percent), South Korea (2,869,000 NT, up 10 percent) and Vietnam (1,291,000 NT, up 136 percent).

Published February 2025

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