January Steel Imports Up 12.7%, 3MMA Slips to 22-Month Low

Preliminary Census data indicate that steel imports will have totaled 2.48 million net tons for the month of January. While up nearly 13% from the prior month, January levels are still down more than 3% compared to the previous 12-month average.

Recall that monthly import levels declined nearly 17% month on month (MoM) in November, before rebounding more than 9% in December. January figures are still down 19.7% compared to March 2022’s 26-month high of 3.09 million tons.

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.