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U.S. Imports And Exports Of Steel Mill Products, By Country Or Locality

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This table provides detailed information on the quantities of steel mill products imported to and exported from the United States, broken down by country or locality. Tracking these trade flows is crucial for understanding the dynamics of the U.S. steel industry, which is a key component of the broader manufacturing and construction sectors. The data highlights the sources of steel supply entering the U.S. market as well as the destinations for domestically produced steel, offering insights into trade balances, supply chain dependencies, and competitive positioning in the global steel market.

Analysis of the data reveals that total U.S. imports of steel mill products decreased from 28 million metric tons in 2022 to 25.6 million metric tons in 2023, while exports increased from 7.56 million to 8.19 million metric tons over the same period. Canada remains the largest trading partner, with imports slightly rising from 6.22 million to 6.25 million metric tons and exports increasing from 3.49 million to 3.73 million metric tons. Brazil showed a significant increase in imports, jumping from 2.33 million to 3.58 million metric tons. Conversely, imports from Mexico declined notably from 4.81 million to 3.8 million metric tons, although exports to Mexico rose from 3.53 million to 3.94 million metric tons. Imports from Russia effectively ceased in 2023, dropping from 422 thousand metric tons to near zero. Other notable trends include declines in imports from Taiwan, Turkey, and Vietnam, while exports to Sweden more than doubled from 7 thousand to 18 thousand metric tons. These shifts reflect changing trade relationships and supply chain adjustments within the global steel market.

TABLE 3
U.S. IMPORTS AND EXPORTS OF STEEL MILL PRODUCTS,
BY COUNTRY OR LOCALITY1
(Thousand metric tons)
ImportsExports
Country or locality2022202320222023
Argentina8116887
Belgium143115116
Brazil233035802836
Canada6220625034903730
China5915423232
France21417455
Germany10209451412
Italy4103992015
Japan114010801613
Korea, Republic of256023901614
Mexico4810380035303940
Netherlands53946143
Russia422(2)----
Spain2872631511
Sweden238222718
Taiwan94152577
Turkey907283----
United Kingdom2662032019
Vietnam849508----
Other40103660334332
Total280002560075608190

-- Zero.

1Table includes data through October 8, 2024. Data are rounded to no more than three significant digits; may not add to totals shown.

2Less than ½ unit.

Source: American Iron and Steel Institute.


Source: United States Geological Survey Mineral Resources Program

See also: Iron and Steel statistics | Mineral commodity prices


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