August Steel Imports Down 15 Percent

Washington, DC - Newly released preliminary government figures covering steel imports for the month of July 2002 show that steel imports increased 6 percent from June 2002 levels.

Total Steel Mill Products

The preliminary data show that overall steel imports in August 2002 decreased 15 percent compared to July 2002. The decrease in August's total amount of steel imports was due primarily to a decrease in imports of semi-finished and hot-rolled steel. August 2002 imports of semi-finished steel products decreased 15 percent compared to July 2002, and imports of hot-rolled steel decreased by 36 percent. August 2002 imports of steel mill products were down 9 percent compared to August 2001.

August 2002 imports of finished steel were down 13 percent compared to August 2001, while semi-finished steel products were up 2 percent compared to August 2001. January to August 2002 imports of steel mill products were up 4 percent compared to the same period in 2001. January to August 2002 imports of finished steel were down 6 percent compared to the same period last year, while imports of semi-finished steel were up 42 percent.

Hot-Rolled Steel

August 2002 imports of hot-rolled steel decreased 36 percent from their July 2002 levels and were up 61 percent compared to August 2001 levels. January to August 2002 imports of hot-rolled steel were up 24 percent compared to the same period last year. These products were the subject of antidumping and countervailing duty investigations.

Cold-Rolled Steel

August 2002 imports of cold-rolled steel increased 9 percent compared to July 2002 levels and were down 40 percent compared to August 2001 levels. January to August 2002 imports of cold-rolled steel were down 39 percent compared to the same period last year. These products are the subject of current antidumping and countervailing duty investigations.

Cut-to-Length Plate

August 2002 imports of cut-to-length plate increased 45 percent compared to July 2002. August 2002 imports were down 13 percent compared to August 2001. January to August 2002 imports of cut-to-length plate were down 5 percent compared to the same period last year.

Corrosion-Resistant Steel

August 2002 imports of corrosion-resistant steel decreased 5 percent compared to July 2002. August 2002 imports of these products were up 56 percent compared to August 2001. January to August 2002 imports of corrosion-resistant steel were up 24 percent compared to the same period last year.

Wire Rod

August 2002 imports of wire rod decreased 16 percent compared to July 2002 levels, and were down 19 percent compared to August 2001 levels. January to August 2002 imports of wire rod were up 11 percent compared to the same period last year. These products are the subject of current antidumping and countervailing duty investigations. Heavy Structurals August 2002 imports of heavy structurals increased 32 percent from their July 2002 level and were down 30 percent compared to August 2001 levels. January to August 2002 imports of heavy structurals were down 23 percent compared to the same period last year.

Rebar

August 2002 imports of rebar were down 43 percent compared to July 2002. August 2002 imports of these products were down 37 percent compared to August 2001. January to August 2002 imports of rebar were down 15 percent compared to the same period last year.

Hot-Rolled Bar

August 2002 imports of hot-rolled bar were down 15 percent compared to July 2002 and were down 2 percent compared to August 2001 levels. January to August 2002 imports of hot-rolled bar were up 11 percent compared to the same period last year.

Standard Pipe

August 2002 imports of standard pipe decreased 9 percent compared to July 2002. August 2002 imports of these products were down 20 percent compared to August 2001, and January to August 2002 imports of standard pipe were down 6 percent compared to the same period last year.

Oil Country Tubular Goods (OCTG)

August 2002 imports of OCTG decreased 58 percent compared to July 2002. August 2002 imports of these products were down 71 percent compared to August 2001. January to August 2002

Semi-Finished Steel

August 2002 imports of semi-finished steel decreased 15 percent compared to July 2002 and were up 2 percent compared to August 2001 levels. January to August 2002 imports of semi-finished steel were up 42 percent compared to the same period last year. Imports of these products are used by U.S. steel companies to produce finished products.