The US increased its imports of rolled steel products by 12.9% m/m in October

According to the American Iron and Steel Institute (AISI), US steelmakers increased their imports of rolled steel by 12.9% year-on-year to 1.34 million tons in October 2025.

Total steel imports (rolled products and semi-finished products) for the month increased by 11% month-on-month to 1.73 million tons.

The largest volume of imports was hot-dip galvanized rolled steel – 142,030 tons (+5% month-on-month), products for the oil industry – 131,760 tons (+21.6% month-on-month), wire rod – 103.33 thousand tons (+105.4% m/m), hot-rolled coils – 102.49 thousand tons (+27.8% m/m). Finished products accounted for 77.2% of total imports for the month.

In January-October, the US reduced its imports of rolled products by 14% compared to the same period in 2024, to 16.42 million tons. Total steel imports amounted to 22.02 million tons (-10.7% y/y). The main volumes of supplies are accounted for by products for the oil industry – 1.66 million tons (+17.8% y/y), hot-dip galvanized rolled steel – 1.53 million tons (-41.1% y-o-y) and cold-rolled flat rolled steel – 1.27 million tons (-22.6% y-o-y).

The main sources of steel imports to the US in January-October 2025 were Canada, Brazil, and Mexico – 4.03 million tons (-27.5% y/y), 3.62 million tons (-11.2% y-o-y) and 2.52 million tons (-13.3% y-o-y), respectively.

As reported by GMK Center, in 2024, the US increased its imports of rolled steel by 3.7% compared to 2023, to 22.5 million tons. Total steel imports (rolled products and semi-finished products) for the year increased by 2.5% y-o-y to 28.86 million tons. The main sources of steel imports to the US in 2024 were Canada, Brazil, and Mexico – 6.56 million tons, 4.49 million tons, and 3.52 million tons, respectively.

Steel production in the US in 2024 decreased by 2.4% compared to 2023, to 79.5 million tons. Overall, global steel production for the year amounted to 1.84 billion tons, down 0.9% year-on-year. Thus, the US is among the ten largest steel-producing countries in the world according to World Steel.