According to preliminary census data from the US Department of Commerce, US monthly steel imports in April this year increased 11.3 percent from March and 17.6 percent year on year to total 2,544,046 mt. In terms of value, US steel imports in April totaled $3.03 billion, compared to $2.76 billion in March and $3.24 billion in April last year.
Top sources for US steel imports in April include: Canada, with 532,836 mt; Mexico, with 383,951; Brazil, with 349,830 mt; South Korea, with 189,043 mt; and Vietnam, with 131,702 mt.
By product group, semi-finished imports totaled 629,380 mt in April, up from 447,657 mt in March and 389,654 mt in April last year. Flat product imports totaled 992,725 mt in April, up from 951,174 mt in March and up from 676,732 mt in April 2023. Long product imports totaled 480,680 mt in April, up from 409,234 mt in March and 461,253 mt in April last year. Pipe and tube imports amounted to 342,827 mt in April, up from 399,420 mt in March but down from 543,468 mt in April 2023.
According to the American Iron and Steel Institute (AISI), the share of imports in the US steel market in April 2024 was estimated at 24 percent, compared to 23 percent in March.