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FACT SHEET

STEEL IMPORTS FOR APRIL 2004

INCREASED 0.27 PERCENT FROM MARCH 2004

May 25, 2004                                                                      

Newly released preliminary government figures covering steel imports for the month of April 2004 show that steel imports increased 0.27 percent from March 2004 levels.

Total Steel Mill Products                                    

The preliminary data released today show that overall steel imports in April 2004 increased 0.27 percent compared to March 2004.   The increase in April =s total amount of steel imports was due primarily to a decrease in reinforcing bars, plates in coils, and standard pipe.   April 2004 imports of finished steel products increased 5.7 percent compared to March 2004, and imports of semi-finished steel fell 21.5 percent.

April 2004 imports of steel mill products were up 33 percent compared to April 2003.   April 2004 imports of finished steel was up 36.6 percent compared to April 2003, and semi-finished steel products were also up 16.6 percent compared to April 2003.   January to April 2004 imports of steel mill products were up 10.6 percent compared to the same period in 2003.   January to April 2004 imports of finished steel were up 9.1 percent compared to the same period last year, while imports of semi-finished steel are up 16.5 percent.  

Hot‑Rolled Steel

April 2004 imports of hot‑rolled steel increased 7.7 percent from their March 2004 levels and were up 25.9 percent compared to April 2003 levels.   January to April 2004 imports of hot-rolled steel were down 8.2 percent compared to the same period last year.

Cold‑Rolled Steel

April 2004 imports of cold‑rolled steel decreased 9.9 percent compared to March 2004 levels and were down 11.5 percent compared to April 2003 levels.   January to April 2004 imports of cold-rolled steel were down 24.3 percent compared to the same period last year.

Cut‑to‑Length Plate

April 2004 imports of cut‑to‑length plate decreased 8.7 percent compared to March 2004.   April 2004 imports were up 28.4 percent compared to April 2003.   January to April 2004 imports of cut-to-length plate were up 4.3 percent compared to the same period last year.   

Corrosion-Resistant Steel

April 2004 imports of corrosion-resistant steel increased 13.9 percent compared to March 2004.   April 2004 imports of these products were up 17.6 percent compared to April 2003.   January to April 2004 imports of corrosion-resistant steel were down 23.8 percent compared to the same period last year.

Wire Rod

April 2004 imports of wire rod decreased 18.9 percent compared to March 2004 levels and were up 88.8 percent compared to April 2003 levels.   January to April 2004 imports of wire rod were up 61.4 percent compared to the same period last year.

Heavy Structurals

April 2004 imports of heavy structurals decreased 5 percent from their March 2004 level and were up 19.9 percent compared to April 2003 levels.   January to April 2004 imports of heavy structurals were up 26.9 percent compared to the same period last year.  

Rebar

April 2004 imports of rebar increased 106 percent compared to March 2004.   April 2004 imports of these products were up 444.3 percent compared to April 2003.   January to April 2004 imports of rebar were up 78.7% percent compared to the same period last year.

Hot-Rolled Bar

April 2004 imports of hot-rolled bar decreased 2 percent compared to March 2004 and increased 46.3   percent compared to April 2003 levels.   January to April 2004 imports of hot-rolled bar were up 18.8 percent compared to the same period last year.

Standard Pipe

April 2004 imports of standard pipe increased 45.8 percent compared to March 2004.   April 2004 imports of these products increased 37 percent compared to April 2003, and January to April 2004 imports of standard pipe were up 13.2% percent compared to the same period last year.  

Oil Country Tubular Goods (OCTG)

April 2004 imports of OCTG increased 48.9 percent compared to March 2004.   April 2004 imports of these products were up 45.2 percent compared to April 2003.   January to April 2004 imports of OCTG were up 59.2 percent compared to the same period last year.  

Semi-Finished Steel

April 2004 imports of semi-finished steel decreased 21.5 percent compared to March 2004 and were up 16.6 percent compared to April 2003 levels.   January to April 2004 imports of semi-finished steel were up 16.5 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 2004 increased 2.4 percent from their March 2004 levels and were up 40.4 percent compared to April 2003 levels.   January to April 2004 imports of these products were up 11.9 percent compared to the same period last year.

Carbon Hot-Rolled Steel - Imports of carbon hot-rolled steel in April 2004 increased 6.8 percent compared to March 2004 and were up 24.6 percent compared to April 2003 levels.   January to April imports of these products were down 11.1 percent compared to the same period last year.

Carbon Cold-Rolled Steel - Imports of carbon cold-rolled steel in April 2004 decreased 13.2 percent compared to March 2004.   April 2004 imports were down 17.6 percent compared to April 2003.   January to April imports of these products were down 31.7 percent compared to the same period last year.

Alloy Steel

Overall imports of alloy steel products in April 2004 decreased 12.2 percent compared to March 2004 and were up 3.8 percent compared to April 2003 levels.   January to April 2004 imports of these products were up 4.8 percent compared to the same period last year.  

Tool Steel - Imports of tool steel in April 2004 decreased 6.9 percent compared to March 2004.   April 2004 imports were down 22.2 percent compared to April 2003.   January to April imports of these products were down 19.3 percent compared to the same period last year.

Stainless Steel                

Overall imports of stainless steel products in April 2004 increased 2.1 percent from their March 2004 level and were up 2.11 percent compared to April 2003 levels.   January to April 2004 imports of these products were up 2.3 percent compared to the same period last year.

Stainless Hot-Rolled Steel - Imports of stainless hot-rolled steel in April 2004 increased 8.6 percent compared to March 2004.   April 2004 imports were up 66.7 percent compared to April 2003.   January to April imports of these products were up 38.9 percent compared to the same period last year.

Stainless Cold-Rolled Steel - Imports of stainless cold-rolled steel in April 2004 increased11.7 percent compared to March 2004.   April 2004 imports were up 13.7 percent compared to April 2003.   January to April imports of these products were up 5.9 percent compared to the same period last year.

Stainless Hot-Rolled Bars - Imports of stainless hot-rolled bars in April 2004 decreased 25.3 percent compared to March 2004 and were up 6.4 percent compared to April 2003 levels.  January to April imports of these products were up 35.1 percent compared to the same period last year.           

Stainless Cold-Finished Bars - Imports of stainless cold-finished bars in April 2004 decreased 0.7 percent compared to March 2004.   April 2004 imports were down 5.9 percent compared to April 2003.   January to April imports of these products were down 10.8 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 2004 preliminary figures will be released on June 29, 2004.

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