The USA increased steel imports by 3.7% y/y in January-October 2022

Imports of finished steel products to the US for 10 months of 2022 increased by 19.1% year-on-year

US steel enterprises in January-October 2022 increased steel imports by 3.7% compared to the same period in 2021 – up to 26.62 million tons. Data from the American Iron and Steel Institute (AISI) informs about it.

The amount of finished products in the total volume of steel imports to the USA in January-October 2022 was 21.62 million tons. This is 19.1% more compared to the same period in 2021.

At the same time, in October 2022, the United States increased steel imports by 7.2% compared to the previous month – up to 2.4 million tons. The amount of finished products in the total volume of imports in October 2022 was 1.95 million tons. This by 5.1% more compared to September.

The main sources of steel imports in the USA in the 10 months of 2022 are Canada, Mexico and Brazil – 5.81 million tons, 4.64 million tons and 2.44 million tons, respectively.

In 2021, the USA increased import of steel by 43% compared to 2020 – up to 31.5 million tons. Last year, imports of finished steel products in the USA decreased by 41% year-on-year – to 22.8 million tons.

The United States is among the ten largest steel producing countries in the world according to World Steel. In 2021, the USA increased steel production by 18.3% compared to 2020 – up to 86 million tons.