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    Analysis

    September 6, 2024

    US steel imports slipped in August after rising in July

    Written by Brett Linton

    Final July steel imports rose 12% from the month prior to 2.42 million short tons (st), according to the latest US Commerce Department figures. July represents the second-lowest monthly import rate so far this year. August import licenses currently total 2.18 million st as of Sept. 2, a potential decline of 10% m/m.

    Canada remains the largest exporter of steel to the US, representing approximately 22% of total July imports. Other significant contributors include Brazil (17%), South Korea (8%), Mexico (7%), Japan (6%), and Germany (5%). Taiwan, China, and Vietnam are also worth mentioning (3-4%). If you want to dive deeper into imports by product or country, the International Trade Administration has an excellent website to do so.

    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.

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