Analysis
October 12, 2024
US steel imports tick up in August, fall again in September
Written by Brett Linton
August steel imports totaled 2.38 million short tons (st), according to final data released this week by the US Commerce Department. That was down 2% from July and is the second-lowest monthly rate recorded this year. Data collected through Oct. 6 shows September licenses totaling 2.30 million st, which would be a 3% drop from August (Figure 1, left).
Almost half of all the steel that entered the US in August came from just three countries: Canada (21%), Brazil (19%), and South Korea (11%). Other significant contributors included Mexico (7%), Vietnam (6%), and Germany (5%). Japan, Taiwan, and Romania are also worth mentioning (3-4%).
