• Skip to main content

    Prices

    Foreign Steel Imports Rise in January

    Written by Brett Linton


    January foreign steel imports were finalized yesterday at 2,879,076 net tons (2,611,857 metric tons), according to the U.S. Department of Commerce. This is up 17.5 percent from December, and up 4.2 percent from November. It is also slightly greater than import levels seen in January 2017 (2,814,233 tons). Current February license data has imports down 15.4 percent over January. It is too early in the month to gather any useful information from March data.

    Semi-finished imports (blooms, billets and slabs) remained steady (up 0.1 percent) from December to January at 525,363 tons. February license data suggests a decrease of 24.7 percent.

    Brett Linton

    Read more from Brett Linton

    Latest in Prices

    Plate supply squeeze tightens as demand presses higher

    The domestic plate market is showing few signs of relief for steel buyers. Lead times are stretching well beyond seasonal norms, spot availability has all but evaporated, and mills are drawing hard lines on contract volumes heading into 2027 negotiations. And the supply squeeze will likely intensify in a market that some industry sources say is structurally undersupplied because of stringent US trade and tariff policies. Imports have been arriving in larger volumes, and the expectation is they will continue to tick higher into 2027. The big question is whether those foreign tons will arrive in volumes sufficient to provide the relief steel consumers want.