• Skip to main content

    Canada

    Steel imports historically weak through December and January

    Written by Brett Linton


    Steel imports slowed further in December and January, falling to near multi-year lows, according to recently released final US Commerce Department data. December trade declined 4% month-over-month (m/m) and January license figures were down another 1%, representing some of the lowest monthly trade volumes witnessed over the last five years.

    The total volume of steel products that entered the country in December was 1.58 million short tons (st). This is the second-lowest monthly import rate recorded since 2020, just 19,000 st above the multi-year low set in September. The latest license data shows 1.57 million st of material was imported in January.

    Brett Linton

    Read more from Brett Linton

    Latest in Canada

    The words "Aluminum Market Update" in white against a dark blue background

    AMU: Edward Meir’s week in review and thoughts for the week of Oct. 12, 2026

    Base metals had a mixed week. Tin lost almost 4% on the week, finishing at $53,000/ton. Prices dropped to a low of $51,259/ton at one point. Aluminum was another loser, off by about 1.6% on the week. Investors are expecting more aluminum supply going forward, especially out of China and Indonesia. Copper prices tacked on 1.1%. They have now recovered more than half of the $700/ton loss sustained (over the course of a week) following reports/rumors in mid-September that US tariffs on refined copper imports might not proceed after all.

    US steel imports reach 15-month high in August, rise further in September

    Steel imports into the US crept higher in August and continued climbing in September, according to the Department of Commerce's latest import license data. August imports rose 3.4% from July to a 15-month high. September license data collected through Oct. 5 shows another 6.2% month-on-month increase. Imports continue to recover from some of the lowest levels since 2020, seen late last year through February this year.