September Steel Imports Increase

Washington, DC - Newly released preliminary government figures covering steel imports for the month of September 2002 show that steel imports increased 13 percent from August 2002 levels.

Total Steel Mill Products

The preliminary data released show that overall steel imports in September 2002 increased 10 percent compared to September 2001. The increase in September's total amount of steel imports was due primarily to an increase in imports of wire rod, hot-rolled steel, cut-to-length plate and corrosion resistant steel. September 2002 imports of finished steel products increased 27 percent compared to August 2002, while imports of semi-finished steel fell 20 percent.

September 2002 imports of steel mill products were up 10 percent compared to September 2001. September 2002 imports of finished steel were up 21 percent compared to September 2001, while semi-finished steel products were down 17 percent compared to September 2001. January to September 2002 imports of steel mill products are up 7 percent compared to the same period in 2001. January to September 2002 imports of semifinished steel are up 30 percent.

Hot-Rolled Steel

September 2002 imports of hot-rolled steel increased 31 percent from their August 2002 level and were up 145 percent compared to September 2001 levels. January to September 2002 imports of hot-rolled steel are up 39 percent compared to the same period last year.

Cold-Rolled Steel

September 2002 imports of cold-rolled steel increased 2 percent compared to August 2002 levels and were down 27 percent compared to September 2001 levels. January to September 2002 imports of cold-rolled steel are down 37 percent compared to the same period last year.

Cut-to-Length Plate

September 2002 imports of cut-to-length plate increased 11 percent compared to August 2002. September 2002 imports are down 13 percent compared to September 2001. January to September 2002 imports of cut-to-length plate are down 5 percent compared to the same period last year.

Corrosion-Resistant Steel

September 2002 imports of corrosion-resistant steel increased eight percent compared to August 2002. September 2002 imports of these products are up 64 percent compared to September 2001. January to September 2002 imports of corrosion-resistant steel are up 30 percent compared to the same period last year.

Wire Rod

September 2002 imports of wire rod increased 209 percent compared to August 2002 levels and are up 114 percent compared to September 2001 levels. January to September 2002 imports of wire rod are up 26 percent compared to the same period last year. These products are the subject of current antidumping and countervailing duty investigations.

Heavy Structurals

September 2002 imports of heavy structurals decreased 19 percent from their August 2002 level and are down 18 percent compared to September 2001 levels. January to September 2002 imports of heavy structurals are down 21 percent compared to the same period last year.

Rebar

September 2002 imports of rebar fell 41 percent compared to August 2002. September 2002 imports of these products are down 53 percent compared to September 2001. January to September 2002 imports of rebar are down 19 percent compared to the same period last year.

Hot-Rolled Bar

September 2002 imports of hot-rolled bar decreased 1 percent compared to August 2002 and are up 11 percent compared to September 2001 levels. January to September 2002 imports of hot-rolled bar are up 12 percent compared to the same period last year.

Standard Pipe

September 2002 imports of standard pipe decreased 24 percent compared to August 2002. September 2002 imports of these products are down 46 percent compared to September 2001. January to September 2002 imports of standard pipe are down 7 percent compared to the same period last year.

Oil Country Tubular Goods (OCTG)

September 2002 imports of OCTG increased 64 percent compared to August 2002. September 2002 imports of these products are down 46 percent compared to September 2001. January to September 2002 imports of OCTG are down 56 percent compared to the same period last year.

Semi-Finished Steel

September 2002 imports of semi-finished steel decreased 20 percent compared to August 2002, and are up 46 percent compared to September 2001 levels. January to September 2002 imports of semi-finished steel are up 43 percent compared to the same period last year. Imports of these products are used by U.S. steel companies to produce finished products.