AISI Posted Notable Dip in September Steel Imports

SEATTLE (Scrap Monster): According to the latest data from the U.S. Census Bureau, 2.129 million net tons of steel were imported overall in September of this year. This is a little 10.3% drop from the previous month's imports. Furthermore, the monthly import of finished steel dropped by 8.0% to 1.688 million net tons.

The finished steel product with the biggest rise in import volumes in September of this year was mechanical tubings, which saw a roughly 15% increase over the previous month. Additionally, hot rolled bar imports increased by 15%. Throughout the month, Canada, Brazil, South Korea, Mexico, and Vietnam were the top offshore suppliers.

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The 12-month period from October 2023 to September 2024 showed a 0.4% increase in overall steel imports and a 0.5% decrease in completed steel imports. According to the AISI report, the market share of imported finished steel was estimated to be 23% for the first nine months of this year.

When comparing the 12-month period from October 2023 to September 2024 to the preceding 12-month period, the products with notable year-to-date increases were sheets and strip all other metallic coated and sheets and strip hot dipped galvanized, whose imports increased by 53% and 31%, respectively. Additionally, imports of wire rod rose by 31%.