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FACT SHEET

STEEL IMPORTS FOR NOVEMBER 2003
DECREASED 4 PERCENT FROM OCTOBER 2003

December 23, 2003

Newly released preliminary government figures covering steel imports for the month of November 2003 show that steel imports decreased 4 percent from October 2003 levels.

Total Steel Mill Products

The preliminary data released today show that overall steel imports in November 2003 decreased 4 percent compared to October 2003. The decrease in November's total amount of steel imports was due primarily to a decrease in imports of blooms, billets, and slabs; wire rods; and hot rolled sheets. November 2003 imports of finished steel products decreased 13 percent compared to October 2003, while imports of semi-finished steel increased 36 percent.

November 2003 imports of steel mill products decreased 34 percent compared to November 2002. November 2003 imports of finished steel decreased 35 percent compared to November 2002, while semi-finished steel products decreased 32 percent compared to November 2002. January to November 2003 imports of steel mill products decreased 28 percent compared to the same period in 2002. January to November 2003 imports of finished steel decreased 22 percent compared to the same period last year, while imports of semi-finished steel decreased 46 percent.

Hot-Rolled Steel

November 2003 imports of hot-rolled steel decreased 17 percent from their October 2003 levels and decreased 68 percent compared to November 2002 levels. January to November 2003 imports of hot-rolled steel decreased 37 percent compared to the same period last year.

Cold-Rolled Steel

November 2003 imports of cold-rolled steel decreased 2 percent compared to October 2003 levels and decreased 54 percent compared to November 2002 levels. January to November 2003 imports of cold-rolled steel decreased 28 percent compared to the same period last year.

Cut-to-Length Plate

November 2003 imports of cut-to-length plate decreased 27 percent compared to October 2003. November 2003 imports decreased 48 percent compared to November 2002. January to November 2003 imports of cut-to-length plate decreased 31 percent compared to the same period last year.

Corrosion-Resistant Steel

November 2003 imports of corrosion-resistant steel decreased 8 percent compared to October 2003. November 2003 imports of these products decreased 62 percent compared to November 2002. January to November 2003 imports of corrosion-resistant steel decreased 22 percent compared to the same period last year.

Wire Rod

November 2003 imports of wire rod decreased 10 percent compared to October 2003 levels and increased 10 percent compared to November 2002 levels. January to November 2003 imports of wire rod decreased 35 percent compared to the same period last year.

Heavy Structurals

November 2003 imports of heavy structurals decreased 12 percent from their October 2003 level and increased 2 percent compared to November 2002 levels. January to November 2003 imports of heavy structurals decreased 27 percent compared to the same period last year.

Rebar

November 2003 imports of rebar decreased 56 percent compared to October 2003. November 2003 imports of these products increased 9 percent compared to November 2002. January to November 2003 imports of rebar decreased 22 percent compared to the same period last year. These products are the subject of current antidumping and countervailing duty investigations.

Hot-Rolled Bar

November 2003 imports of hot-rolled bar decreased 13 percent compared to October 2003 and decreased 7 percent compared to November 2002 levels. January to November 2003 imports of hot-rolled bar decreased 7 percent compared to the same period last year.

Standard Pipe

November 2003 imports of standard pipe increased 3 percent compared to October 2003. November 2003 imports of these products decreased 3 percent compared to November 2002. January to November 2003 imports of standard pipe decreased 10 percent compared to the same period last year.


Oil Country Tubular Goods (OCTG)

November 2003 imports of OCTG decreased 29 percent compared to October 2003. November 2003 imports of these products increased 43 percent compared to November 2002. January to November 2003 imports of OCTG increased 53 percent compared to the same period last year.

Semi-Finished Steel

November 2003 imports of semi-finished steel increased 36 percent compared to October 2003 and decreased 32 percent compared to November 2002 levels. January to November 2003 imports of semi-finished steel decreased 46 percent compared to the same period last year. Imports of these products are used by U.S. steel companies to produce finished products.


EXPANDED BREAKOUT BY GRADE

Since May 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 November 2003 decreased 6 percent from their October 2003 levels and decreased 38 percent compared to November 2002 levels. January to November 2003 imports of these products decreased 31 percent compared to the same period last year.

Carbon Hot-Rolled Steel - Imports of carbon hot-rolled steel in November 2003 decreased 21 percent compared to October 2003. November 2003 imports decreased 71 percent compared to November 2002. January to November 2003 imports of these products decreased 38 percent compared to the same period last year.

Carbon Cold-Rolled Steel - Imports of carbon cold-rolled steel in November 2003 decreased 1 percent compared to October 2003. November 2003 imports decreased 64 percent compared to November 2002. January to November 2003 imports of these products decreased 35 percent compared to the same period last year.

Alloy Steel

Overall imports of alloy steel products in November 2003 increased 12 percent compared to October 2003 and decreased 11 percent compared to November 2002 levels. January to November 2003 imports of these products decreased 11 percent compared to the same period last year.

Tool Steel - Imports of tool steel in November 2003 decreased 15 percent compared to October 2021. November 2003 imports decreased 18 percent compared to November 2002. January to November 2003 imports of these products increased 17 percent compared to the same period last year.

Stainless Steel

Overall imports of stainless steel products in November 2003 decreased 21 percent from their October 2003 level and decreased 26 percent compared to November 2002 levels. January to November 2003 imports of these products decreased 16 percent compared to the same period last year.

Stainless Hot-Rolled Steel - Imports of stainless hot-rolled steel in November 2003 increased 36 percent compared to October 2003. November 2003 imports increased 18 percent compared to November 2002. January to November 2003 imports of these products decreased 4 percent compared to the same period last year.

Stainless Cold-Rolled Steel - Imports of stainless cold-rolled steel in November 2003 decreased 9 percent compared to October 2003. November 2003 imports increased 8 percent compared to November 2002. January to November 2003 imports of these products increased 4 percent compared to the same period last year.

Stainless Hot-Rolled Bars - Imports of stainless hot-rolled bars in November 2003 increased 2 percent compared to October 2003 and decreased 40 percent compared to November 2002 levels. January to November 2003 imports of these products decreased 23 percent compared to the same period last year.

Stainless Cold-Finished Bars - Imports of stainless cold-finished bars in November 2003 decreased 32 percent compared to October 2003. November 2003 imports decreased 49 percent compared to November 2002. January to November 2003 imports of these products decreased 19 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 November statistics next month. December 2003 preliminary figures will be released on January 27, 2004.

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