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FACT SHEET STEEL IMPORTS FOR May 2002
Total Steel Mill Products The preliminary data released today show that overall steel imports in
May 2002 decreased 10.9 percent compared to April 2002. The decrease in
May's total amount of steel imports was due primarily to a decrease in
imports of semi-finished steel, wire rod, and cut-to-length plate. May
2002 imports of finished steel products decreased 9 percent compared to
April 2002, and imports of semi-finished steel fell 18 percent. Hot-Rolled Steel Cold-Rolled Steel Cut-to-Length Plate May 2002 imports of cut-to-length plate decreased 24 percent compared to April 2002. May 2002 imports were down 56 percent compared to May 2001. January to May 2002 imports of cut-to-length plate were up 14 percent compared to the same period last year. Corrosion-Resistant Steel May 2002 imports of corrosion-resistant steel increased 7 percent compared to April 2002. May 2002 imports of these products were down 23 percent compared to May 2001. January to May 2002 imports of corrosion-resistant steel were up 18 percent compared to the same period last year. Wire Rod May 2002 imports of wire rod decreased 49 percent compared to April 2002 levels, and were down 21 percent compared to May 2001 levels. January to May 2002 imports of wire rod were up 12 percent compared to the same period last year. These products are the subject of current antidumping and countervailing duty investigations. Heavy Structurals May 2002 imports of heavy structurals increased 38 percent from their April 2002 level and were down 20 percent compared to May 2001 levels. January to May 2002 imports of heavy structurals were down 22 percent compared to the same period last year. Rebar May 2002 imports of rebar rose 28 percent compared to April 2002. May 2002 imports of these products were down 47 percent compared to May 2001. January to May 2002 imports of rebar were down 9 percent compared to the same period last year. Hot-Rolled Bar May 2002 imports of hot-rolled bar decreased 15 percent compared to April 2002 and were down 7 percent compared to May 2001 levels. January to May 2002 imports of hot-rolled bar were up 10 percent compared to the same period last year. Standard Pipe May 2002 imports of standard pipe increased 3 percent compared to April 2002. May 2002 imports of these products were down 34 percent compared to May 2001, and January to May 2002 imports of standard pipe were down 8 percent compared to the same period last year.
May 2002 imports of OCTG increased 16 percent compared to April 2002. May 2002 imports of these products were down 53 percent compared to May 2001. January to May 2002 imports of OCTG were down 57 percent compared to the same period last year. Semi-Finished Steel May 2002 imports of semi-finished steel decreased 18 percent compared to April 2002 but were up 8 percent compared to May 2001 levels. January to May 2002 imports of semi-finished steel were up 39 percent compared to the same period last year. Imports of these products are used by U.S. steel companies to produce finished products.
Since May 2001 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 May 2002 decreased 9 percent from their April 2002 levels and were down 24 percent compared to May 2001 levels. January to May 2002 imports of these products were down almost 0.5 percent compared to the same period last year. Carbon Hot-Rolled Steel - Imports of carbon hot-rolled steel in May 2002 increased 15 percent compared to April 2002 and were down 2 percent compared to May 2001 levels. January to May imports of these products were down 7 percent compared to the same period last year. Carbon Cold-Rolled Steel - Imports of carbon cold-rolled steel in May 2002 decreased 20 percent compared to April 2002. May 2002 imports were down 67 percent compared to May 2001. January to May imports of these products were down 38 percent compared to the same period last year. Alloy Steel Overall imports of alloy steel products in May 2002 decreased 27 percent compared to April 2002 and were down 37 percent compared to May 2001 levels. January to May 2002 imports of these products were up 7 percent compared to the same period last year. Tool Steel - Imports of tool steel in May 2002 increased 7 percent compared to April 2002. May 2002 imports were down 26 percent compared to May 2001. January to May imports of these products were down 25 percent compared to the same period last year. Stainless Steel Overall imports of stainless steel products in May 2002 increased 9 percent from their April 2002 level and were up 6 percent compared to May 2001 levels. January to May 2002 imports of these products were up 11 percent compared to the same period last year. Stainless Hot-Rolled Steel - Imports of stainless hot-rolled steel in May 2002 decreased 34 percent compared to April 2002. May 2002 imports were down 23 percent compared to May 2001. January to May imports of these products were up 54 percent compared to the same period last year. Stainless Cold-Rolled Steel - Imports of stainless cold-rolled steel in May 2002 decreased 6 percent compared to April 2002. May 2002 imports were up 13 percent compared to May 2001. January to May imports of these products were up 5 percent compared to the same period last year. Stainless Hot-Rolled Bars - Imports of stainless hot-rolled bars in May 2002 increased 100 percent compared to April 2002 and were down 60 percent compared to May 2001 levels. January to May imports of these products were down 31 percent compared to the same period last year. Stainless Cold-Finished Bars - Imports of stainless cold-finished bars in May 2002 increased 40 percent compared to April 2002. May 2002 imports were down 37 percent compared to May 2001. January to May imports of these products were down 32 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 May statistics next month. June 2002 preliminary figures will be released on July 30, 2002. 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 March to June 1999 are available on the Census Bureau web site.
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