Steel imports rally through May, possibly fall in June

Following a relatively stable first quarter, steel imports climbed in May to levels not seen in over two years, according to preliminary Census data released earlier this week. Projected June license data suggests imports could ease from May but still be strong compared to levels witnessed over the past year.

The US Commerce Department’s preliminary count shows 2.85 million short tons (st) of steel products entered the country last month. This is up 2% from 2.80 million st in April and likely the highest month for imports since March 2022 (3.09 million st).

Brett Linton

Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.