Live US Steel Imports Data, Top 10 Steel Importers in USA

Based on the US import data and US steel import records, the US steel imports accounted for $33.15 billion in 2023, a decline of 26% from the previous year. 

The US imported 25.6 million tons of steel in terms of quantity in 2023, a drop of 8.7% from 2022. Based on the US steel import data, the US steel imports reached $25.39 billion in the first three quarters of 2024. Here is a table representing the total US Steel imports in the first 9 months of 2024. 

Live US Steel Imports Database of 2024 

The United States is one of the largest consumers of steel and is the 2nd biggest steel importer in the world, relying heavily on steel imports to meet its demand. 

• According to the US Buyers data and US importers database for steel imports, there are 195600+ active steel importers and buyers in the USA, importing steel from 174400+ suppliers. 

• The US imports steel from 180+ countries as per the US trade activities. 

• Based on the US shipment data for steel imports, the US has around 6.9 billion active steel import shipments. 

• ArcelorMittal USA, Nucor Corporation, and United States Steel Corporation are the biggest steel importers in the USA. 

• The 2-digit HS code for steel is 72, a harmonized system code for iron and steel in international trade.

In today's globalized economy, the US steel industry plays a crucial role in the manufacturing and construction sectors. Let's take a closer look at the top 10 steel importers in the USA based on live US steel import data.

List of Top 10 Steel Importers in the USA | US Importers Database 

According to the US Steel import data and US importers data for 2023, the leading top 10 US steel importers are:

1. ArcelorMittal USA: $4.5 billion

• A leading steel and mining company that imports a wide range of steel products.

• Total import quantity: 5 million metric tons

• Active import shipments: 1,200

• Headquarters in Chicago, Illinois

2. Nucor Corporation: $3.8 billion

• It is the biggest steel manufacturer in the United States, with a focus on steel imports and goods.

• Total import quantity: 4.5 million metric tons

• Active import shipments: 1,000

• Headquarters in Charlotte, North Carolina

3. United States Steel Corporation: $3.2 billion

• An integrated steel producer and importer with major production operations in the U.S. and Central Europe.

• Total import quantity: 4 million metric tons

• Active import shipments: 900

• Headquarters in Pittsburgh, Pennsylvania

4. Steel Dynamics, Inc.: $2.9 billion

• A diversified domestic steel producer and metals recycler.

• Total import quantity: 3.5 million metric tons

• Active import shipments: 850

• Headquarters in Fort Wayne, Indiana

5. AK Steel Holding Corporation: $2.5 billion

• Produces and imports flat-rolled carbon, stainless, and electrical steel products.

• Total import quantity: 3 million metric tons

• Active import shipments: 800

• Headquarters in West Chester, Ohio

6. Gerdau Ameristeel Corporation: $2.2 billion

• A leading importer of long steel products in America.

• Total import quantity: 2.8 million metric tons

• Active import shipments: 750

• Headquarters in Tampa, Florida

7. Commercial Metals Company: $1.9 billion

• Manufactures, recycles, and imports steel and metal products.

• Total import quantity: 2.5 million metric tons

• Active import shipments: 700

• Headquarters in Irving, Texas

8. Reliance Steel & Aluminum Co.: $1.7 billion

• It is North America's biggest metal and steel service center firm.

• Total import quantity: 2.2 million metric tons

• Active import shipments: 650

• Headquarters in Los Angeles, California

9. ThyssenKrupp Steel USA: $1.5 billion

• Produces and imports high-quality carbon steel products.

• Total import quantity: 2 million metric tons

• Active import shipments: 600

• Headquarters in Calvert, Alabama

10. SSAB Americas: $1.2 billion

• It is a leading producer and importer of high-strength steel products.

• Total import quantity: 1.8 million metric tons

• Active import shipments: 550

• Headquarters in Lisle, Illinois

Factors Influencing Steel Imports in the USA

Several factors influence the volume of steel imports in the USA, including:

• Market demand for steel products in various industries such as automotive, construction, and manufacturing.

• Cost-effectiveness and quality of steel products from foreign suppliers compared to domestic producers.

• Currency exchange rates and global steel prices.

• Trade agreements and tariffs imposed on steel imports.

US Steel Imports by Country | US Import data by Country 

Based on the US import data for 2023, the US imports the most steel from Canada worth $8.36 billion, followed by Brazil and Mexico. 

The top ten countries that supply steel to the US accounted for 77% of the US's steel imports in 2023-24. The top 10 countries from where the US imported the most steel in 2023 include:

1. Canada: $8.36 billion (6.39 million metric tons)

2. Brazil: $4.56 billion (3.49 million metric tons)

3. Mexico: $3.73 billion (2.85 million metric tons)

4. South Korea: $2 billion (1.53 million metric tons)

5. Germany: $1.54 billion (1.18 million metric tons)

6. Japan: $1.23 billion (944 thousand metric tons)

7. Taiwan: $784.80 million (600 thousand metric tons)

8. Netherlands: $765.99 million (588 thousand metric tons)

9. Sweden: $733.94 million (564 thousand metric tons)

10. Italy: $710.66 million (546 thousand metric tons)

US Steel Imports in the Last 10 Years | US Import Data by Year 

Understanding the Steel Import Market in the USA

Before delving into the list of top importers, it's essential to understand the dynamics of the steel import market in the USA. The country's steel industry comprises domestic production and imports from foreign suppliers. 

While the US has a significant domestic steel production capacity, it still imports considerable steel to supplement its needs. Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reports that 25,621,000 tons of steel were imported into the US, an 8.7% decline from 2022. In 2023, 21% of the US market was made up of imported finished steel.

Steel imports in the USA are governed by trade policies and regulations enforced by the US Department of Commerce and the International Trade Commission. These regulations aim to ensure fair trade practices and protect domestic steel producers from unfair competition.

The Economic Impact of US Steel Imports

Steel imports play a vital role in meeting the demand for steel products in the USA. This helps support various industries that rely on steel, such as automotive, construction, and infrastructure development. However, excessive reliance on steel imports can have negative consequences for the domestic steel industry. 

To protect domestic producers, the US government may impose tariffs and trade restrictions on steel imports from certain countries. These measures aim to level the playing field and prevent unfair competition from foreign steel producers.

Find thousands of Active Steel Importers in the US

Finding steel buyers and importers in the US can be a tough task, but now you can easily do so at your fingertips. Discover a vast network of active steel importers in the USA effortlessly with USImportdata with its exclusive search filter of live US steel import data. 

Contact now at info@tradeimex.in or via Call : +91-7042034462
+91-9319646667

Conclusion

We conclude that the USA is a significant importer of steel from various countries worldwide. By analyzing live US steel import data, we can gain valuable insights into the top importers and the factors influencing steel imports in the USA. Balancing the need for steel imports with the interests of domestic producers is essential for maintaining a healthy and competitive steel industry in the USA.

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