Steel Products Prices North America
October 25, 2018
Steel Imports Down 11 Percent for the Year
Written by Tim Triplett
As expected in a market where foreign suppliers must pay a 25 percent tariff (50 percent for those in Turkey), steel imports into the United States are down 11 percent for the year to date. Unexpected were the increases in imports of hot rolled sheet and plate.
Steel Market Update’s analysis of Commerce Department data (see chart) shows the U.S. has imported an estimated 29.2 million tons of steel for the year to date, down 11 percent from the 32.8 million tons imported in the first 10 months of 2017. That includes a 13 percent decline in finished steel imports and a 5 percent decline in semi-finished.
