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US Steel Imports Rise by 3.7% in 2024, Driven by Rolled Products

US Steel Imports Rise by 3.7% in 2024, Driven by Rolled Products

01/29/2025
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US Steel Imports Rise by 3.7% in 2024, Driven by Rolled Products

by Raxer X.
01/29/2025
in Importing & Exporting, Industry

In 2024, the United States imported 22.5 million tons of rolled steel products, marking a 3.7% increase compared to the previous year. This information comes from the American Iron and Steel Institute (AISI). Overall, steel imports—covering both rolled and semi-finished products—grew by 2.5%, reaching a total of 28.86 million tons. Notably, galvanized steel imports surged by 35.5% to 2.99 million tons.

In December 2024, the US imported 2.12 million tons of steel, which was a 2.7% rise from November. In particular, rolled steel products saw a significant monthly jump of 14.3%, totaling 1.82 million tons. During this time, hot-rolled flat products made up the largest portion of imports.

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The main countries supplying steel to the US in 2024 were Canada, Brazil, and Mexico, which together contributed 14.57 million tons. This was an increase from 2023, a year when imports dipped due to high tariffs, increased domestic production, and lower demand.

Despite the rise in imports, US steel production fell by 2.4% in 2024, totaling 79.5 million tons. However, the US continues to rank among the top ten steel producers in the world.

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#USSteelImports #RolledSteel #SteelIndustry2024 #SteelTrade #AISI #SteelImports #GalvanizedSteel #HotRolledSteel #SteelProduction #SteelSupplyChain #USSteelProduction #SteelImportsIncrease #CanadaSteel #BrazilSteel #MexicoSteel #SteelStatistics #USSteelMarket #IronAndSteel #SteelSupply

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