Steel Imports Fall By Nearly A Third

Jan. 13, 2005
Tariffs and a weaker dollar dampened steel imports last year, according to preliminary Census Bureau data reported by the American Iron and Steel Institute (AISI). Imports of steel totaled 23,013,000 net tons, down 29.6% from 2002. Finished steel ...

Tariffs and a weaker dollar dampened steel imports last year, according to preliminary Census Bureau data reported by the American Iron and Steel Institute (AISI). Imports of steel totaled 23,013,000 net tons, down 29.6% from 2002. Finished steel imports were down 23.7%. AISI reported that President Bush's steel tariff program, which he stopped in the fall; a decline in the U.S. dollar value; a more consolidated and stronger U.S. steel industry; and rising steel prices elsewhere made imports less attractive in 2003. Steel prices are on the rise, with a ton of hot-rolled steel inching toward $400. In the early winter, prices were closer to $320 a ton. AISI states, however, that prices remain below the 20-year average of $449 per ton.

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!