U.S. Steel Merchant Final Imports: Final merchant imports to the U.S. came in at 56,596 tons in January 2024, increasing 44% month over month (m/m).

Figure 1 further breaks down total merchant imports from January 2022 – January 2024.

Figure 2 charts the largest exporting countries in rank order through January. Mexico and Canada, combined, account for 78% of the total this month. Mexico was the largest exporter to the U.S. with 23,288 tons; Canadian imports came in at 20,165 tons.

Figure 3 also charts the largest imports by district of entry into the U.S. in rank order. Laredo, TX was the largest receiver of merchants this month, receiving 18,013 tons of the total. Detroit, MI was next, coming in at 12,331 tons, while Buffalo, NY was the third-largest receiver, coming in at 5,094 tons. Together, these top three receiving ports collected 63% of all U.S. merchant imports.

Please note the format of Figure 2 and Figure 3 has changed. Countries are listed alphabetically left to right and month/year is on the y-axis. There are listed totals YTD for each country and district of entry, respectively.

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.