The United States is a significant importer of steel, sourcing from various countries to meet its industrial and construction needs. In 2023, the U.S. imported iron and steel worth approximately $33.16 billion.

Top Sources of U.S. Steel Imports in 2023:

• Canada: $8.36 billion (6.39 million metric tons)
• Brazil: $4.56 billion (3.49 million metric tons)
• Mexico: $3.73 billion (2.85 million metric tons)
• South Korea: $2 billion (1.53 million metric tons)
• Germany: $1.54 billion (1.18 million metric tons)

These five countries collectively accounted for a substantial portion of US steel imports by country, highlighting the global nature of the steel trade.

Trends in U.S. Steel Imports in 2023-24:

• 2023: The U.S. imported 25.6 million metric tons of steel, valued at $33.15 billion, marking a decline from previous years.
• 2024 (First Nine Months): Imports reached $25.39 billion, with a total quantity of 40 million metric tons, indicating a potential rebound in steel import activity.

Monthly Breakdown of U.S. Steel Imports in 2024:

Month Import Value ($)Quantity (metric tons)January2.96 billion4.5 millionFebruary2.72 billion4.0 millionMarch2.82 billion5.0 millionApril3.10 billion4.3 millionMay3.12 billion4.7 millionJune2.57 billion4.5 millionJuly2.75 billion4.2 millionAugust2.78 billion5.3 millionSeptember2.52 billion3.5 million

This data reflects fluctuations in monthly import values and quantities, influenced by factors such as market demand, pricing, and international trade policies.

Factors Influencing U.S. Steel Imports:

• Market Demand: Industries like automotive, construction, and manufacturing drive the need for steel.
• Trade Policies: Tariffs and trade agreements play a significant role in shaping import dynamics.

Understanding these factors is crucial for stakeholders in the steel industry, as they navigate the complexities of global trade and domestic market requirements: t info@tradeimex.in

Top 10 Steel importers in USA | US importers data by company

The top 10 steel importers in the USA include leading companies such as ArcelorMittal USA, Nucor Corporation, and United States Steel Corp. ArcelorMittal USA leads with imports valued at $4.5 billion and a total quantity of 5 million tons. Nucor Corporation follows with imports worth $3.8 billion, contributing 4.5 million tons. United States Steel Corp. has an import value of $3.2 billion and 4 million tons. Other key importers include Steel Dynamics, Inc. ($2.9 billion, 3.5 million tons) and AK Steel Holding Corp. ($2.5 billion, 3 million tons).



Source : USA importers data & directory