The U.S. imported 2.42 million short tons (2.2 million tonnes) of steel in January, falling 23.1% from a year ago, but surging 62.2% from December 2020, the American Iron and Steel Institute (AISI) reported, citing preliminary data from the US Census Bureau.
Finished steel imports were down 24.8% year on year to 1.24 million tons, a month-on-month fall of 7.5%, data showed.
The U.S. took the most finished steel from South Korea in January, at 131,000 short tons, down 41% from the previous month.
Imports from Turkey jumped 489% on the month to 82,000 short tons; shipments from Japan were 46,000 short tons, down 17%; intakes from the Brazil totaled 42,000 short tons, rising 8%.
The U.S imported 22.02 million short tons of steel products in 2020, a year-on-year fall of 21.2%. Of this, finished steel imports fell 23.3% on the year to 16.14 million short tons.
The US's finished steel demand rose dramatically from automobile market, boosting domestic steel products prices and hot-rolled steel coil prices even reached to history high. This prompted steel products tightness in the US.
The country produced 6.9 million tonnes of crude steel in January, falling 9.9% year on year, showed preliminary data from World Steel Association on February 25.
(Writing by Rebecca Liu Editing by Harry Huo)
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