U.S. Steel Beam Final Imports
U.S. Steel Beam Final Imports: Final beam imports to the U.S. came in at 18,230 tons for May 2021, down 30% since last month. These include: Angles, Shapes and H Sections, Angles, Shapes and I Sections, Angles H Sections Iron and Non-Alloy Steel Hot-rolled, and Other H Sections.
Figure 1 further breaks down total beam final imports from January 2019 – May 2021. When looking at the current year, it shows that beam imports reached their peak in January with 27,997 tons of imports reported.
Figure 2 also charts the largest exporting countries to the U.S. through May 2021. South Korea was the largest exporter of beams with 11,856 tons this month (65%). Mexico was the second-largest exporter with 4,104 tons. Canada was the third-largest beams exporter to the U.S. with 1,392 tons. Together these three exporters accounted for 95% of the total.
Figure 3 also charts the largest imports by district of entry to the U.S. The Los Angeles, CA port was the largest receiver of beams this month, receiving 8,501 tons. Laredo, TX was the second-largest receiver coming in at 2,206 tons. San Francisco, CA was the third-largest receiver coming in at 1,959 tons. Together, these top three receiving ports collected 70% of all U.S. beam imports.
At Gerdau, we closely follow trade in long product steel since it has a profound impact on domestic market share and material pricing. We want you, our valued customers, to have access to current information that can help you better plan and operate your businesses.