Steel Products Prices North America
October 28, 2017
Steel Imports Up 20% for the Year
Written by Tim Triplett
Steel imports into the U.S. increased by nearly 20 percent in the first nine months of the year, giving imports an estimated 28 percent share of the U.S. steel market—much to the ire of domestic steelmakers.
Citing preliminary Census Bureau data, the American Iron and Steel Institute on Wednesday reported that steel imports year to date totaled 29,663,000 net tons, up 19.6 percent from the same period in 2016. Finished steel imports comprised 22,890,000 of that total, an increase of 15.7 percent. The difference between the two figures is semi-finished steel or ingots, billets and slabs purchased by U.S. mills.
