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FACT SHEET


STEEL IMPORTS FOR OCTOBER 2001

INCREASED 15.2 PERCENT FROM SEPTEMBER 2001

November 27, 2001

Newly released preliminary government figures covering steel imports for the month of October 2001 show that steel imports increased 15.2 percent from September 2001 levels. (click here for charts) (click here for data tables)

Total Steel Mill Products                                         

The preliminary data released today show that overall steel imports in October 2001 increased 15.2 percent compared to September 2001.  The increase in October’s total amount of steel imports was due primarily to an increase in imports of semi-finished steel, hot-rolled steel, cold-rolled steel, corrosion-resistant steel, and wire rod.  October 2001 imports of finished steel products increased 7 percent compared to September 2001, while imports of semi-finished steel rose 51 percent.

October 2001 imports of steel mill products were down 3 percent compared to October 2000.  October 2001 imports of finished steel were down 8 percent compared to October 2000, while semi-finished steel products were up 14 percent compared to October 2000.  January to October 2001 imports of steel mill products were down 25 percent compared to the same period in 2000.  January to October 2001 imports of finished steel were down 23 percent compared to the same period last year, while imports of semi-finished steel were down 31 percent. 

Hot-Rolled Steel

October 2001 imports of hot‑rolled steel increased 35 percent from their September 2001 levels and were down 40 percent compared to October 2000 levels.  January to October 2001 imports of hot-rolled steel were down 61 percent compared to the same period last year.  These products were the subject of current antidumping and countervailing duty investigations.

Cold-Rolled Steel

October 2001 imports of cold‑rolled steel increased 17 percent compared to September 2001 levels and were up 7 percent compared to October 2000 levels.  January to October 2001 imports of cold-rolled steel were down 2 percent compared to the same period last year.  These products are the subject of current antidumping and countervailing duty investigations.

Cut to Length Plate

October 2001 imports of cut-to-length plate decreased 18 percent compared to September 2001.  October 2001 imports were down 2 percent compared to October 2000.  January to October 2001 imports of cut-to-length plate were down 11 percent compared to the same period last year.  

Corrosion-Resistant SteelOctober 2001 imports of corrosion-resistant steel increased 26 percent compared to September 2001.  October 2001 imports of these products were up 11 percent compared to October 2000.  January to October 2001 imports of corrosion-resistant steel were down 20 percent compared to the same period last year.

Wire Rod

October 2001 imports of wire rod increased 17 percent compared to September 2001 levels and were up 38 percent compared to October 2000 levels.  January to October 2001 imports of wire rod were down 1 percent compared to the same period last year.  These products are the subject of current antidumping and countervailing duty investigations.

Heavy Structurals

October 2001 imports of heavy structurals decreased 4 percent from their September 2001 level and were down 52 percent compared to October 2000 levels.  January to October 2001 imports of heavy structurals were down 52 percent compared to the same period last year. 

Rebar

October 2001 imports of rebar fell 24 percent compared to September 2001.  October 2001 imports of these products were up 152 percent compared to October 2000.  January to October 2001 imports of rebar were down 4 percent compared to the same period last year.  These products are the subject of current antidumping and countervailing duty investigations.

Hot-Rolled Bar

October 2001 imports of hot-rolled bar increased 8 percent compared to September 2001 and were down 15 percent compared to October 2000 levels.  January to October 2001 imports of hot-rolled bar were down 21 percent compared to the same period last year.

Standard Pipe

October 2001 imports of standard pipe decreased 3 percent compared to September 2001.  October 2001 imports of these products were down 29 percent compared to October 2000.  January to October 2001 imports of standard pipe were down 9 percent compared to the same period last year. 

Oil Country Tubular Goods (OCTG)

October 2001 imports of OCTG decreased 37 percent compared to September 2001.  October 2001 imports of these products were down 34 percent compared to October 2000.  January to October 2001 imports of OCTG were up 48 percent compared to the same period last year. 

Semi-Finished Steel

October 2001 imports of semi-finished steel increased 51 percent compared to September 2001 and were up 14 percent compared to October 2000 levels.  January to October 2001 imports of semi-finished steel were down 31 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 October 2001 increased 16 percent from their September 2001 levels and were down 3 percent compared to October 2000 levels.  January to October 2001 imports of these products were down 26 percent compared to the same period last year.

Carbon Hot-Rolled Steel - Imports of carbon hot-rolled steel in October 2001 increased 40 percent compared to September 2001.  October 2001 imports were down 41 percent compared to October 2000.  January to October imports of these products were down 63 percent compared to the same period last year.

Carbon Cold-Rolled Steel - Imports of carbon cold-rolled steel in October 2001 increased 18 percent compared to September 2001.  October 2001 imports were up 17 percent compared to October 2000.  January to October imports of these products were up 10 percent compared to the same period last year.

Alloy Steel

Overall imports of alloy steel products in October 2001 increased 2 percent compared to September 2001 and were down 12 percent compared to October 2000 levels.  January to October 2001 imports of these products were down 20 percent compared to the same period last year. 

Tool Steel - Imports of tool steel in October 2001 increased 19 percent compared to September 2001.  October 2001 imports were down 28 percent compared to October 2000.  January to October imports of these products were down 13 percent compared to the same period last year.

Stainless Steel                       

Overall imports of stainless steel products in October 2001 increased 73 percent from their September 2001 level and were up 19 percent compared to October 2000 levels.  January to October 2001 imports of these products were down 24 percent compared to the same period last year.

Stainless Hot-Rolled Steel - Imports of stainless hot-rolled steel in October 2001 increased 77 percent compared to September 2001.  October 2001 imports were up 43 percent compared to October 2000.  January to October imports of these products were down 56 percent compared to the same period last year.

Stainless Cold-Rolled Steel - Imports of stainless cold-rolled steel in October 2001 increased 10 percent compared to September 2001.  October 2001 imports were up 7 percent compared to October 2000.  January to October imports of these products were down 34 percent compared to the same period last year.

Stainless Hot-Rolled Bars - Imports of stainless hot-rolled bars in October 2001 increased 20 percent compared to September 2001 and were down 47 percent compared to October 2000 levels.  January to October imports of these products were down 21 percent compared to the same period last year.                                                                       

Stainless Cold-Finished Bars - Imports of stainless cold-finished bars in October 2001 increased 44 percent compared to September 2001.  October 2001 imports were down 18 percent compared to October 2000.  January to October imports of these products were down 18 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 October statistics next month.  November preliminary figures will be released on December 27, 2001.

Note: Census issued revisions to certain country totals within product categories for 1998 and the first six months of 1999.  Only individual country totals within certain product categories were affected by these revisions; the overall totals for these product categories were not affected. These revisions have been incorporated into this fact sheet and the accompanying tables.  Detailed reports containing the revisions to the data for 1998 and the period January to June 1999 are available on the Census Bureau web site.

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