US Steel imports down 21% year-to-date through June: AISI
WASHINGTON (Scrap Register): Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 1,391,000 net tons (NT) of steel in June 2020, including 1,310,000 net tons (NT) of finished steel (down 23.0% and down 12.7%, respectively, vs. May final data).
Through the first six months of 2020, total and finished steel imports are 12,387,000 and 8,632,000 net tons (NT), down 20.8% and 26.2%, respectively, vs. the same period in 2019.
Annualized total and finished steel imports in 2020 would be 24.8 and 17.3 million NT, down 11.3% and 18.0%, respectively, vs. 2019.
Finished steel import market share was an estimated 21% in June and is estimated at 19% over the first six months of 2020.
June compared to May are line pipe (up 30%) and sheets and strip hot dipped galvanized (up 23%).