U.S. steel imports in July 2022 fell month-on-month

According to preliminary data released by the U.S. Census Bureau, the United States imported 2.672 million short tons of steel in July, a decrease of 5.7% from the final value in June.

U.S. steel imports from January to July rose 10.4% year-on-year to 19.465 million short tons. Among them, the import volume of finished steel products was 15.726 million short tons, a significant increase of 31.8% year-on-year, and the import volume of all varieties achieved year-on-year growth.

In addition, the year-on-year increase in the import volume of petroleum-specific pipes, cold-rolled sheets, pipeline steel, and standard pipes was close to or more than 50%. The market share of U.S. imports of finished steel from January to July is estimated at 25%.