According to preliminary census data from the US Department of Commerce, US monthly steel imports in June 2023 increased 20.2 percent from May to total 2,533,474 mt. A year-on-year comparison shows a 1.5 percent decrease. In terms of value, US steel imports in June totaled $3.23 billion, compared to $3.07 billion in May and $4.05 billion in June 2022.
Top sources for US steel imports in June include: Canada, with 570,073 mt; Brazil, with 379,965 mt; Mexico, with 378,392 mt; South Korea, with 339,921 mt; and China, with 103,654 mt.
By product group, semi-finished imports totaled 711,127 mt in June, up from 393,811 mt in May and 533,981 mt in June 2022. Flat product imports totaled 835,168 mt in June, down from 865,921 mt in May and 1,025,414 mt in June 2022. Long product imports totaled 488,315 mt in June, up from 356,209 mt in May and 453,572 mt in June 2022. Pipe and tube imports totaled 423,744 mt in June, up from 412,042 mt in May but down from 447,244 mt in June 2022.
According to the American Iron and Steel Institute (AISI), the US steel import market share in June 2023 was estimated at 23 percent, compared to 21 percent in May and 23 percent year-to-date.