US steel imports drop 11.3 percent in 2018

Wednesday, 06 March 2019 02:09:50 (GMT+3)   |   San Diego

According to delayed final census data from the US Department of Commerce, US annual steel imports in 2018 decreased 11.3 percent from 2017 to total 30,573,528 mt. In terms of value, US steel imports in 2018 totaled $29.34 billion compared to $29.14 billion in 2017.

Top sources for US steel imports in 2018 include: Canada, with 5,646,641 mt; Brazil, with 3,984,681 mt; Mexico, with 3,498,307 mt; Korea, with 2,507,859 mt; and Russia, with 2,296,780 mt.

Major steel products imported in 2018 include blooms, billets and slab at a combined 7,117,196 mt; HDG sheets and strip, at 2,755,255 mt; OCTG, at 2,519,010 mt; HRC, at 2,352,211 mt; line pipe, at 1,979,748 mt; and CRC, at 1,784,267 mt.

According to the American Iron and Steel Institute (AISI), the US steel import market share in 2018 was estimated at 23 percent.

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