The USA increased steel imports by 4.4% y/y in January-September 2022

The import of finished steel products to the USA for the 9 months of 2022 increased by 22.5% year-on-year

US steel enterprises in January-September 2022 increased steel imports by 4.4% compared to the same period in 2021 – up to 24.2 million tons. American Iron and Steel Institute’s (AISI) data informs about it.

The amount of finished products in the total steel imports to the USA in January-September 2022 was 19.67 million tons. This is 22.5% more compared to the same period in 2021.

At the same time, in September 2022, the United States reduced steel imports by 10.9% compared to the previous month – to 2.24 million tons. The number of finished products in the total imports for September 2022 was 1.86 million tons. This by 10.8% less compared to August.

The main sources of steel imports in the USA in the 9 months of 2022 are Canada, Mexico and Brazil – 5.25 million tons, 4.21 million tons and 2.24 million tons, respectively.

In 2021, the States 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.