Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,897,000 net tons (NT) of steel in June 2021, including 2,018,000 NT of finished steel (up 14.8 percent and 8.7 percent, respectively, vs. May final data).
Through the first 6 months of 2021, total and finished steel imports are 14,688,000 and 9,995,000 NT, up 18.5 percent and 15.6 percent, respectively, vs. the same period in 2020. Annualized total and finished steel imports in 2021 would be 29.4 and 20.0 million NT, up 33.4 percent and 23.9 percent, respectively, vs. 2020. Finished steel import market share was an estimated 21 percent in June and is estimated at 19 percent over the first six months of 2021.
Published in the September 2021 Edition