2004 U.S. Imports Of Finished Steel Up 55%

Jan. 26, 2005
In 2004 the U.S. saw a 55% increase over 2003 in finished steel imports to 28,304,000 net tons. The American Iron and Steel Institute (AISI) reported that the 2004 percentage gain for finished steel imports was more than three times the 15.9 % increase ...

In 2004 the U.S. saw a 55% increase over 2003 in finished steel imports to 28,304,000 net tons. The American Iron and Steel Institute (AISI) reported that the 2004 percentage gain for finished steel imports was more than three times the 15.9 % increase in steel consumption. As a result, finished steel import market share rose from 16.0 to 21.2%.

"Imports in 2004 were up dramatically, and there is sufficient availability of steel in the U.S. market, " stated John P. Surma, president and CEO of The United States Steel Corporation and chairman of AISI."The industry has taken a lot of positive steps as market conditions have improved, but much remains to be done to complete needed investments and keep the momentum going."

Popular Sponsored Recommendations

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

Your Industry 4.0 Journey

Sept. 24, 2023
When It Comes to Industry 4.0, the Journey is the Destination. Industry 4.0 must be embraced as a long-term, strategic mindset of digital transformation that dynamically alters...

Why DataOps may be the key to unlocking the full potential of digital transformation

Nov. 3, 2023
Read the 2023 market survey conducted by IndustryWeek

Beware Extreme Software

Sept. 24, 2023
As a manufacturer, you understand the importance of staying ahead of the curve and being proactive in your approach to technology. With the rapid pace of change in the industry...

Voice your opinion!

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