According to preliminary census data from the US Department of Commerce, US monthly steel imports in October this year up 10.7 percent from September and up 8.2 percent year on year to total 2,174,363 mt. In terms of value, US steel imports in October totaled $2.5 billion, compared to $2.3 billion in September and $2.7 billion in October last year.
Top sources for US steel imports in October include: Canada with 494,573 mt, Brazil with 330,393 mt, Mexico with 327,116 mt, South Korea with 146,403 mt, Japan with 125,183 mt, and Vietnam with 91,803 mt.
By product group, semi-finished imports totaled 492,644 mt in October, up from 389,379 mt in September and 299,868 mt in October last year. Flat product imports totaled 883,704 mt in October, up from 832,066 mt in September and 750,130 mt in October 2023. Long product imports totaled 418,344 mt in October, up from 295,785 mt in September and down from 461,901 mt in October last year. Pipe and tube imports amounted to 294,987 mt in October, down from 346,585 mt in September and 390,445 mt in October 2023.
According to the American Iron and Steel Institute (AISI), the share of imports in the US steel market in October 2024 was estimated at 22 percent, compared to 21 percent in September.