September Steel Imports Decrease 22 Percent from August

Washington, DC - Newly released preliminary government figures covering steel imports for the month of September 2001 show that steel imports decreased 22.7 percent from August 2001 levels.

Total Steel Mill Products

The preliminary data released show that overall steel imports in August 2001 decreased 22.7 percent compared to August 2001. The decrease in September's total amount of steel imports was due primarily to a decrease in imports of semi-finished steel, hot-rolled steel, cold-rolled steel, rebar, and line pipe. September 2001 imports of finished steel products decreased 12.3 percent compared to August 2001, while imports of semi-finished steel fell 50 percent.

September 2001 imports of steel mill products were down 26 percent compared to September 2000. September 2001 imports of finished steel were down 21 percent compared to September 2000, while semi-finished steel products were down 43 percent compared to September 2000. January to September 2001 imports of steel mill products are down 28 percent compared to the same period in 2000. January to September 2001 imports of finished steel are down 25 percent compared to the same period last year, while imports of semi-finished steel are down 36 percent.

Hot-Rolled Steel

September 2001 imports of hot-rolled steel decreased 3 percent from their August 2001 level and were down 60 percent compared to September 2000 levels. January to September 2001 imports of hot-rolled steel are down 63 percent compared to the same period last year. These products are the subject of current antidumping and countervailing duty investigations. Cold-Rolled Steel September 2001 imports of cold-rolled steel decreased 15 percent compared to August 2001 levels and were down 10 percent compared to September 2000 levels. January to September 2001 imports of cold-rolled steel are down 4 percent compared to the same period last year. These products are the subject of current antidumping and countervailing duty investigations.

Cut-to-Length Plate

September 2001 imports of cut-to-length plate increased 19 percent compared to August 2001. September 2001 imports are down 3 percent compared to September 2000. January to September 2001 imports of cut-to-length plate are down 13 percent compared to the same period last year.

Corrosion-Resistant Steel

September 2001 imports of corrosion-resistant steel increased 12 percent compared to August 2001. September 2001 imports of these products are down 22 percent compared to September 2000. January to September 2001 imports of corrosion-resistant steel are down 23 percent compared to the same period last year.

Wire Rod

September 2001 imports of wire rod increased 16 percent compared to August 2001 levels and are up 2 percent compared to September 2000 levels. January to September 2001 imports of wire rod are down 6 percent compared to the same period last year. These products are the subject of current antidumping and countervailing duty investigations.

Heavy Structurals

September 2001 imports of heavy structurals decreased 24 percent from their August 2001 level and are down 55 percent compared to September 2000 levels. January to September 2001 imports of heavy structurals are down 52 percent compared to the same period last year.

Rebar

September 2001 imports of rebar fell 41 percent compared to August 2001. September 2001 imports of these products are down 12 percent compared to September 2000. January to September 2001 imports of rebar are down 11 percent compared to the same period last year. These products are the subject of current antidumping and countervailing duty investigations.

Hot-Rolled Bar

September 2001 imports of hot-rolled bar decreased 13 percent compared to August 2001 and are down 12 percent compared to September 2000 levels. January to September 2001 imports of hot-rolled bar are down 22 percent compared to the same period last year.

Standard Pipe

September 2001 imports of standard pipe decreased 26 percent compared to August 2001. September 2001 imports of these products are up 3 percent compared to September 2000. January to September 2001 imports of standard pipe are down 7 percent compared to the same period last year.

Oil Country Tubular Goods (OCTG)

September 2001 imports of OCTG decreased 21 percent compared to August 2001. September 2001 imports of these products are down 1 percent compared to September 2000. January to September 2001 imports of OCTG are up 57 percent compared to the same period last year.

Semi-Finished Steel

September 2001 imports of semi-finished steel decreased 50 percent compared to August 2001 and are down 43 percent compared to September 2000 levels. January to September 2001 imports of semi-finished steel are down 36 percent compared to the same period last year. Imports of these products are used by U.S. steel companies to produce finished products.


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