US Steel imports plunge by 26% y/y in September
NEW YORK (Scrap Register): As tariffs continue to take a toll on foreign-made steel, US Steel imports drop by 26 percent in September
The United States imported 2.24 million tons of steel in September, according to preliminary U.S. Census Bureau data. That included 1.8 million tons of finished steel products that require no further processing, an 8.6 percent decline as compared to August.
Imports of finished steel accounted for about 20 percent of the market share in September and 24 percent so far this year, which is significantly down, largely as a result of the 25 percent across-the-board tariffs that make foreign steel more expensive.
The United States has imported 26.1 million tons of steel through the first nine months of the year, down 12 percent as compared the same period in 2017, according to the American Iron and Steel Institute. It imported 20 million tons of finished steel, a 12.5 percent year-over-year decline.
