Canada, Brazil and Mexico are losing the US market as steel imports continue to fall
According to the results of April 2025, US metallurgical enterprises reduced imports of rolled metal by 11.8% compared to the previous month to 1.61 million tons. This is evidenced by data from the American Institute of Cast Iron and Steel (AISI).
Total steel imports (rolled products and semi–finished products) fell by 17.1 m/M in a month, to 2.07 million tons.
The largest volume of imports falls on flat hot–dip galvanized rolled products – 200.08 thousand tons (+25.7% M/M), tinplate – 149.4 thousand tons (+42.8% M/M), flat cold-rolled products - 140.4 thousand tons (-13.9% M/M), hot–dip galvanized sheets - 139.45 thousand tons (-25.1% M/M.). The volume of finished products in the total volume of imports for the month amounted to 77.5%.
In January-April, the United States reduced imports of rolled products by 5.1% compared to the same period in 2024, to 7.36 million tons. Total steel imports amounted to 9.88 million tons (-4.4% YoY). The main volumes of supplies are hot–dip galvanized sheets – 710.87 thousand tons (-28.6% YoY), products for the oil industry - 735.5 thousand tons (+16.3% YoY), and cold-rolled flat rolled products-626.68 thousand tons (-6.2% yoy).
The main sources of steel imports to the United States in January-April 2025 are Canada, Brazil and Mexico – 2.06 million tons (-12.4% YoY), 1.76 million tons (+0.4% YoY) and 1.29 million tons (-9.6% YoY) accordingly.