company news about Total U.S. steel imports may reach 32.626 million tons in 2021

On January 5, the American Iron and Steel Institute (AISI) quoted the U.S. Department of Commerce's steel product import monitoring data to predict that in 2021, the annual import volume of U.S. steel will be 32.626 million tons, a year-on-year increase of 48.2%.

In December 2021, the total number of U.S. steel import license applications was 2.945 million tons, an increase of 6.3% from 2.772 million tons in November 2021.

In December 2021, the import volume of finished steel products in the United States by varieties increased significantly compared with November 2021, including steel sheet piles (174%), tin plate (41%), chrome plate (35%), and mechanical pipes (23%) ), pipeline steel (19%), standard pipe (14%); the countries or regions with the largest number of U.S. finished steel import applications are: South Korea (255,000 tons, up 10% month-on-month), Vietnam (153,000 tons, month-on-month) down 15%), Taiwan (102,000 tons, up 40% month-on-month), Turkey (91,000 tons, down 19% month-on-month), Japan (86,000 tons, down 44% month-on-month).

In 2021, products with significant growth in US steel imports are expected to include hot-rolled sheet (129%), hot-rolled coil (103%), coated sheet (73%), oil and gas steel (69%), and slit sheet (63%). %), cold-rolled strip (45%), hot-dip galvanized strip (35%), heavy-duty section steel (34%), hot-rolled steel bar (29%), mechanical pipe (25%), steel bar (22%), The largest import sources of U.S. finished steel products are expected to be South Korea (2.805 million tons, up 39% year-on-year), Japan (1.070 million tons, up 40% year-on-year), and Turkey (1.027 million tons, up 83% year-on-year).