Steel Products Prices North America
October 9, 2022
Final August Steel Imports Down 6%, September Down 10%
Written by Brett Linton
Final US Census Bureau data indicates that steel imports totaled 2.51 million net tons during the month of August, just 267 tons higher than the preliminary figures released in late September. This is down 6% from the prior month. It is also the third lowest monthly rate in the past year and a half (behind Feb. 2022 and Oct. 2021). Recall that monthly import levels also declined 6% from June to July. August figures are now down 19% compared to March’s 26-month high of 3.09 million tons.
Broken down by product category, finished steel imports in August were down 9% from July, imports of semi-finished products increased 8%, flat rolled imports rose 6%, long product imports fell 26%, imports of pipe and tube declined 17%, and stainless imports eased 5%. These figures are all unchanged from preliminary figures.
