On January 5, the American Iron and Steel Institute (AISI) quoted the steel product import monitoring data of the U.S. Department of Commerce to predict that in 2021, the annual steel import volume of the United States will be 32.626 million tons, a year-on-year increase of 48.2%.
In December 2021, the total amount of steel import license applications from the United States was 2.945 million tons, an increase of 6.3% compared with 2.772 million tons in November 2021.
In December 2021, the import volume of finished steel products in the United States increased significantly compared with November 2021, including steel sheet pile (174%), tinplate (41%), chrome plate (35%), mechanical pipe (23%), pipeline steel (19%) and standard pipe (14%); The countries with larger import applications for finished steel products were: Korea (255 thousand tons, 10% growth in the ring), Vietnam (153 thousand tons, 15% lower than the ring), China Taiwan (102 thousand tons, 40% growth), Turkey (91 thousand tons, 19% reduction) and Japan (86 thousand tons, a decrease of 44%).
In 2021, the products with significant growth in steel imports from the United States are expected to include hot-rolled plate (129%), hot-rolled coil (103%), coated plate (73%), oil and gas steel (69%), slitting plate (63%), cold-rolled strip (45%), hot-dip galvanized strip (35%), heavy section steel (34%), hot-rolled reinforcement (29%), mechanical pipe (25%) and reinforcement (22%), The largest import source countries of finished steel products from the United States are expected to be South Korea (2.805 million tons, a year-on-year increase of 39%), Japan (1.07 million tons, a year-on-year increase of 40%) and Turkey (1.027 million tons, a year-on-year increase of 83%).
Post time: Jan-21-2022