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FACT SHEET

STEEL IMPORTS FOR APRIL 2003

DECREASED 20.6 PERCENT FROM MARCH 2003

May 28, 2003

 Newly released preliminary government figures covering steel imports for the month of April 2003 show that steel imports decreased 20.6 percent from March 2003 levels.

Total Steel Mill Products  

The preliminary data released today show that overall steel imports in April 2003 decreased 20.6 percent compared to March 2003. The decrease in April’s total amount of steel imports was due primarily to a decrease in imports of wire rod and blooms, billets and slabs. April 2003 imports of finished steel products decreased 16.8 percent compared to March 2003, and imports of semi-finished steel fell 34.1 percent.

 April 2003 imports of steel mill products were down 9.3 percent compared to April 2002. April 2003 imports of finished steel was down 3.4 percent compared to April 2003, and semi-finished steel products were also down 29 percent compared to April 2002. January to April 2003 imports of steel mill products were down 19 percent compared to the same period in 2002. January to April 2003 imports of finished steel were down 10.3 percent compared to the same period last year, while imports of semi-finished steel are down 41.5 percent.

Hot-Rolled Steel

 April 2003 imports of hot-rolled steel decreased 3.8 percent from their March 2003 levels and were up 19.5 percent compared to April 2002 levels. January to April 2003 imports of hot-rolled steel were up 10.7 percent compared to the same period last year.

Cold-Rolled Steel

 April 2003 imports of cold-rolled steel decreased 13.8 percent compared to March 2003 levels and were up 7.2 percent compared to April 2002 levels. January to April 2003 imports of cold-rolled steel were down 14.1 percent compared to the same period last year.

Cut-to-Length Plate

April 2003 imports of cut-to-length plate decreased 40.2 percent compared to March 2003. April 2003 imports were up 4.7 percent compared to April 2002. January to April 2003 imports of cut-to-length plate were down 34 percent compared to the same period last year.

Corrosion-Resistant Steel

April 2003 imports of corrosion-resistant steel decreased 5.3 percent compared to March 2003. April 2003 imports of these products were up 59.2 percent compared to April 2002. January to April 2003 imports of corrosion-resistant steel were up 13.4 percent compared to the same period last year.

Wire Rod

April 2003 imports of wire rod decreased 51.8 percent compared to March 2003 levels and were down 43.8 percent compared to April 2002 levels. January to April 2003 imports of wire rod were down 19.6 percent compared to the same period last year.

Heavy Structurals

April 2003 imports of heavy structurals decreased 2 percent from their March 2003 level and were down 28.2 percent compared to April 2002 levels. January to April 2003 imports of heavy structurals were down 36.8 percent compared to the same period last year.

Rebar

April 2003 imports of rebar decreased 64.3 percent compared to March 2003. April 2003 imports of these products were down 56.8 percent compared to April 2002. January to April 2003 imports of rebar were down 51.7% percent compared to the same period last year.

Hot-Rolled Bar

April 2003 imports of hot-rolled bar decreased 18.5 percent compared to March 2003 and decreased 18 percent compared to April 2002 levels. January to April 2003 imports of hot-rolled bar were down 5.3 percent compared to the same period last year.

Standard Pipe

April 2003 imports of standard pipe increased 18.8 percent compared to March 2003. April 2003 imports of these products increased 18 percent compared to April 2002, and January to April 2003 imports of standard pipe were down 17.4% percent compared to the same period last year.

Oil Country Tubular Goods (OCTG)

April 2003 imports of OCTG increased 32.5 percent compared to March 2003. April 2003 imports of these products were up 70.9 percent compared to April 2002. January to April 2003 imports of OCTG were up 17.4 percent compared to the same period last year.

Semi-Finished Steel

April 2003 imports of semi-finished steel decreased 34.1 percent compared to March 2003 and were down 29 percent compared to April 2002 levels. January to April 2003 imports of semi-finished steel were down 41.5 percent compared to the same period last year.

EXPANDED BREAKOUT BY GRADE

Since May 2002 the U.S. Census Bureau (Census) expanded its early release of steel import data to include separate breakouts for carbon, alloy and stainless steel in each of the product categories. The following lists some of the highlights from these new breakouts:

Carbon Steel

Overall imports of carbon steel products in April 2003 decreased 23.3 percent from their March 2003 levels and were down 10.6 percent compared to April 2002 levels. January to April 2003 imports of these products were down 19.5 percent compared to the same period last year.

Carbon Hot-Rolled Steel - Imports of carbon hot-rolled steel in April 2003 decreased 6.7 percent compared to March 2003 and were up17 percent compared to April 2002 levels. January to April imports of these products were up 12.5 percent compared to the same period last year.

Carbon Cold-Rolled Steel - Imports of carbon cold-rolled steel in April 2003 decreased 19.5 percent compared to March 2003. April 2003 imports were down 0.9 percent compared to April 2002. January to April imports of these products were down 18.4 percent compared to the same period last year.

Alloy Steel

Overall imports of alloy steel products in April 2003 decreased 9 percent compared to March 2003 and were down 1 percent compared to April 2002 levels. January to April 2003 imports of these products were down 14.5 percent compared to the same period last year.

Tool Steel - Imports of tool steel in April 2003 decreased 6.6 percent compared to March 2003. April 2003 imports were up 53.8 percent compared to April 2002. January to April imports of these products were up 37.6 percent compared to the same period last year.

Stainless Steel 

Overall imports of stainless steel products in April 2003 increased 0.6 percent from their March 2003 level and were down 14.3 percent compared to April 2002 levels. January to April 2003 imports of these products were down 23.8 percent compared to the same period last year.

Stainless Hot-Rolled Steel - Imports of stainless hot-rolled steel in April 2003 decreased 31.3 percent compared to March 2003. April 2003 imports were down 42.5 percent compared to April 2002. January to April imports of these products were down 52.5 percent compared to the same period last year.

Stainless Cold-Rolled Steel - Imports of stainless cold-rolled steel in April 2003 decreased 2.2 percent compared to March 2003. April 2003 imports were up 10.6 percent compared to April 2002. January to April imports of these products were up 16.4 percent compared to the same period last year.

Stainless Hot-Rolled Bars - Imports of stainless hot-rolled bars in April 2003 increased 55 percent compared to March 2003 and were up 167.8 percent compared to April 2002 levels. January to April imports of these products were down 33.4 percent compared to the same period last year. 

Stainless Cold-Finished Bars - Imports of stainless cold-finished bars in April 2003 increased 23.4 percent compared to March 2003. April 2003 imports were up 35.1 percent compared to April 2002. January to April imports of these products were down 4.6 percent compared to the same period last year.

These figures are being provided on an expedited basis and will continue to be released on this schedule each month. The data released today are preliminary and are likely to change somewhat between now and the release of the final April statistics next month. May 2003 preliminary figures will be released on June 24, 2003.


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