Import permits show a 10% decrease year over year, according to Commerce Department’s SIMA Data
According to U.S. Census Bureau data, the U.S. imported 3,135,000 net tons (NT) of steel during January 2020, down 9.9% from January 2019. Finished steel imports for the month stand at 1,633,000 NT, representing a 33.4% decrease for the same month last year. Compared to December 2019, import levels are up 97.7% for total steel and 20.4% for finished steel. Market share for finished steel, according to recent data, was estimated at 17% in January 2020.
Several finished steel products with a significant increase in imports in January compared to December include reinforcing bars (up 134%); sheet and strip all other metallic coatings (up 126%); heavy structural shapes (up 98%); wire rods (up 66%); sheets and strip galvanized hot dipped (up 56%).
The finished steel imports in January 2020 originated primarily in South Korea (182,000 NT, up 8% from December final), Brazil (88,000 NT, up 579%), Japan (76,000 NT, up 14%), Spain (55,000 NT, up 79%) and Turkey (51,000 NT, up 606%).
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