According to preliminary census data from the US Department of Commerce, US steel imports for the full year 2020 totaled 20,031,647 mt, down 21.1 percent compared to full-year 2019 steel imports totaling 25,400,748 mt. By value, US steel imports in 2020 totaled $16.9 billion, compared to $23.7 billion in 2019.
Top sources for US steel imports in 2020 include Canada, with 4,755,086 mt; Brazil, with 3,673,041 mt; Mexico, with 3,010,235 mt; Korea, with 1,827,890 mt; and Germany, with 810,214 mt.
Major steel products imported in 2020 include slab, at 3,389,172 mt; hot dipped galvanized sheets and strip, at 1,991,003 mt; HRC, at 1,465,609 mt; CRC, at 1,043,106 mt; and rebar, at 980,506 mt.
According to the American Iron and Steel Institute (AISI), the US steel import market share in 2020 was estimated at 18 percent, compared to 19 percent in 2019.