Loading prices...

Register/Sign in
ScrapMonster
Are ads getting in your way? Register for Ad-free pages and live data.
Get an instant offer on your damaged car
Steel News December 29, 2020 02:30:24 PM

U.S. to Face 23% Dip in Yearly Finished Steel Imports

Paul Ploumis
ScrapMonster Author
The U.S. wire rod imports are expected to fall by 25.4% during the current year.
U.S. to Face 23% Dip in Yearly Finished Steel Imports

SEATTLE (Scrap Monster): The American Iron and Steel Institute (AISI) forecasts significant decline in imports of finished steel by the country during the current year. The estimates provided by the association are based on the import trends during the initial eleven-month period of the year.

The country is likely to witness 23.3% decline in finished steel imports in the entire year 2020. As per estimates, the full-year finished imports are likely to total 16.144 million net tons in 2020. The U.S. finished imports had totalled 21.051 million net tons in the whole of 2019. Meantime, the total steel imports are likely to see a decline of 19.8% from 27.937 million net tons in 2019 to 22.392 million net tons during this year, AISI said.

The AISI foresees modest to sharp decline in import volumes of all of the steel mill products during the year, except reinforcing bars, whose imports are predicted to surge higher by 2% over the previous year. The imports of line pipes are likely to decline the most, falling by nearly 62.6% from the previous year. The imports of oil country goods and hot-rolled bars are likely to drop by 53.2% and 25.5% respectively. The U.S. wire rod imports are expected to fall by 25.4% during the current year.

The imports of finished steel mill products from Turkey are likely to surge higher by 82.6% in 2020. On the contrary, AISI forecasts 37.5% contraction in finished imports from Japan during the year.

YOU MAY ALSO BE INTERESTED IN:

U.S. YTD Steel Imports Slumped 22% Through November

U.S. Raw Steel Production Hit 1.62 Million Net Tons

Are ads getting in your way? Register for Ad-free pages and live data.

How to Recycle

Proper Disposal of Alkaline Batteries

Proper Disposal of Alkaline Batteries

Improper disposal of alkaline batteries can result in various negative consequences. Explore our blog post to discover safe disposal methods.
Christmas Tree Recycling - Responsible Ways

Christmas Tree Recycling - Responsible Ways

Proper preparation and using a reliable Christmas tree recycling directory ensures responsible disposal and maximizes the benefits.
Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop throwing away LED light bulbs and dispose of them responsibly. Proper disposal ensures environmental safety and sustainability.
powered by RecyclingMonster
Are ads getting in your way? Register for Ad-free pages and live data.
×

Quick Search

Advanced Search