The American Iron and Steel Institute (AISI) has released figures on US steel imports for November compared with October final data. The information was sourced from preliminary US Census Bureau data.
The USA imported a total of 3.12Mt (net tons) of steel in November 2021, including 2.58Mt (net tons) of finished steel (up 13.9% and 9.6%, respectively, versus October final data). Through the first 11 months of 2021, total and finished steel imports were 29.68Mt and 21.6Mt (net tons), up 44.6% and 46.1%, respectively, when compared with the same period in 2020. Annualized total and finished steel imports in 2021 would be 32.4Mt and 23.6Mt (net tons), up 47.1% and 46.2%, respectively, compared with 2020. Finished steel import market share was an estimated 27% in November and is estimated at 22% over the first 11 months of 2021.
Key finished steel products with a significant increase in imports in November compared to October are heavy structural shapes (up 64%), sheets and strip all other metallic coatings (up 33%), cold rolled sheets (up 32%), hot rolled bars (up 29%), oil country goods (up 28%), sheets and strip galvanized hot dipped (up 27%) and tin plate (up 10%). Products with a significant year-to-date (YTD) increase versus the same period in 2020 were hot rolled sheets (up 137%), plates in coils (up 109%), sheets and strip all other metallic coatings (up 66%), oil country goods (up 62%), cut lengths plates (up 60%), wire rods (up 60%), cold rolled sheets (up 41%), heavy structural shapes (up 31%), hot rolled bars (up 30%), sheets and strip hot dipped galvanized (up 29%), wire drawn (up 23%), reinforcing bars (up 23%), mechanical tubing (up 20%) and tin plate (up 13%).
In November, the largest volumes of finished steel imports from offshore were from South Korea (232kt, up 4% from October final), Vietnam (180kt, up 63%), Japan (154k), up 93%), Turkey (112kt, down 25%), and Netherlands (91kt, up 70%). For the first 11 months of 2021, the largest offshore suppliers were South Korea (2.55Mt, up 42% versus the same period in 2020), Japan (948kt, up 38%), Turkey (936kt, up 71%), Germany (809kt, up 23%) and Taiwan (777kt, up 47%).