AISI: U.S. Steel Imports Rise 5.4% in March, but Remain Down over 34% Year-to-Date

The American Iron and Steel Institute reported that U.S. steel imports increased in March 2026 compared with the previous month, based on preliminary data from the Census Bureau, though volumes remain significantly below last year’s levels.

Total steel imports reached 1.769 million net tons in March, up 5.4% from February, while finished steel imports rose 10.2% to 1.306 million net tons. Despite the monthly increase, year-to-date imports are down 34.7% for total steel and 35.0% for finished steel compared with the same period in 2025.

Over a 12-month period from April 2025 to March 2026, total steel imports declined 22.7% and finished steel imports fell 26.3% versus the prior year. Finished steel import market share was estimated at 16% in March and 15% for the first quarter of 2026.

The March increase was driven by several product categories, with imports of plates in coils rising 165% month-on-month and cut-length plates up 143%. Other notable gains included hot-rolled sheets (up 70%), heavy structural shapes (up 48%) and wire drawn products (up 40%).

Among supplying countries, South Korea remained the largest exporter to the U.S. in March at 292,000 net tons, followed closely by Brazil at 291,000 net tons and Canada at 285,000 net tons. Imports from Vietnam rose sharply to 177,000 net tons, up 160% from February, while shipments from Mexico declined 20% to 141,000 net tons.

Looking at the broader 12-month period, Canada remained the top supplier despite a 44% decline year-on-year, followed by Brazil, South Korea, Mexico and Japan, all of which recorded lower shipments compared with the previous period.

The data suggests short-term fluctuations in import volumes, while the overall trend points to reduced reliance on imported steel amid shifting demand patterns and trade dynamics in the U.S. market.

Source: AISI

SUNSHINE Spotlight: U.S. steel imports showed a short-term rebound in March, but remain significantly lower year-on-year, reflecting weaker demand and changing trade flows.