US steel imports continue to grow in March

Although the epidemic in the United States has not been completely controlled, the demand for steel is gradually recovering. The price of hot rolled coils in the United States has already exceeded the 10000 yuan mark, and the terminal is still actively purchasing. At the same time, the United States has been very active in steel imports in the past month. The United States imported 2.08 million tons of steel products in March, a month on month increase of 20.6%; On the other hand, the import trade volume decreased slightly, about US $1.54 billion, mainly due to the slight fluctuation of international market prices in March.

U.S. imports were mainly concentrated in sheet metal and semi-finished products. In March, the import volume of sheet metal was 870000 tons, a month on month increase of nearly 20%; The import volume of semi-finished products was 460000 tons, a slight increase of 15% over the previous month. The other varieties are mainly steel pipe and rebar. According to the U.S. Department of Commerce, the market share of imported steel in March accounted for about 18% of the total steel consumption in the country.