March Steel Imports Down 39 Percent

Washington, DC - Newly released preliminary government figures covering steel imports for the month of March 2002 show that steel imports decreased 39 percent from February 2002 levels.

Total Steel Mill Products

The preliminary data show that overall steel imports in March 2002 decreased 39 percent compared to February 2002. The decrease in March's total amount of steel imports was due primarily to a decrease in imports of semi-finished steel, corrosion resistant steel, rebar, and tin plate. March 2002 imports of finished steel products decreased 30 percent compared to February 2002, and imports of semi-finished steel fell 58 percent.

March 2002 imports of steel mill products were down 21 percent compared to March 2001. March 2002 imports of finished steel was down 20 percent compared to March 2001, and semi-finished steel products were also down 27 percent compared to March 2001. January to March 2002 imports of steel mill products were up 18 percent compared to the same period in 2001. January to March 2002 imports of finished steel were up 7 percent compared to the same period last year, while imports of semi-finished steel are up 57 percent.

Hot-Rolled Steel

March 2002 imports of hot-rolled steel decreased 47 percent from their February 2002 levels and were down 15 percent compared to March 2001 levels. January to March 2002 imports of hot-rolled steel were up 0.78 percent compared to the same period last year.

These products were the subject of antidumping and countervailing duty investigations.

Cold-Rolled Steel

March 2002 imports of cold-rolled steel decreased 38 percent compared to February 2002 levels and were down 47 percent compared to March 2001 levels. January to March 2002 imports of cold-rolled steel were down 16 percent compared to the same period last year. These products are the subject of current antidumping and countervailing duty investigations.

Rebar

March 2002 imports of rebar fell 84 percent compared to February 2002. March 2002 imports of these products were down 67 percent compared to March 2001. January to March 2002 imports of rebar were up 25 percent compared to the same period last year.

Hot-Rolled Bar

March 2002 imports of hot-rolled bar decreased 23 percent compared to February 2002 and were down 13 percent compared to March 2001 levels. January to March 2002 imports of hot-rolled bar were up 14 percent compared to the same period last year.

Semi-Finished Steel

March 2002 imports of semi-finished steel decreased 58 percent compared to February 2002 and were down 27 percent compared to March 2001 levels. January to March 2002 imports of semi-finished steel were up 57 percent compared to the same period last year. Imports of these products are used by U.S. steel companies to produce finished products.