U.S. Imports For Consumption Of Iron And Steel Scrap, By Country Or Locality

This table presents detailed data on the quantities and values of iron and steel scrap imported into the United States from various countries and localities for consumption. This information is critical for understanding the supply chain dynamics of the U.S. steel industry, which relies heavily on scrap metal as a raw material for steel production. Tracking import volumes and values helps policymakers, industry stakeholders, and analysts assess market trends, trade dependencies, and economic impacts related to steel manufacturing and recycling sectors.

In 2023, the total quantity of iron and steel scrap imported into the U.S. increased to 5.13 million metric tons from 4.74 million metric tons in 2022, reflecting a growth of approximately 8.2%. However, the total import value decreased from $2.46 billion to $2.23 billion, indicating a decline in the average price per ton. Canada remained the dominant supplier, accounting for 3.56 million metric tons in 2023, slightly up from 3.51 million metric tons the previous year, though its import value dropped from $1.74 billion to $1.52 billion. Notable increases in quantity were observed from Germany, which saw imports rise from 31 thousand to 121 thousand metric tons, accompanied by a substantial value increase from $15.2 million to $49.6 million. Sweden also showed a significant rise in imports, from 175 thousand to 256 thousand metric tons, with value increasing from $94.3 million to $112 million. Conversely, countries like Japan and Spain experienced declines in both quantity and value. The “Other” category, encompassing 72 countries or localities with smaller import volumes, nearly doubled in quantity from 44 thousand to 89 thousand metric tons and increased in value from $24.1 million to $44.2 million, highlighting diversification in sourcing. These shifts illustrate evolving trade patterns and pricing dynamics within the U.S. iron and steel scrap market.