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Based on reported import licenses, US long products imports fell 14% from 324,000 short tons in March 2024 to 271,000 tons in March 2025. The decline was mainly due to lower rebar imports from Turkey.
Despite imports dropping between March 2024 and March 2025, US long products imports in the first three months of 2025 were 12% higher than in the same period last year. This was the result of an import surge of 77% between January 2024 and 2025 (see chart below). The increase between the first three months of 2024 and 2025 was due to a 19% increase in rebar imports and a 21% increase in wire rod imports.
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Based on reported import licenses, US flat products imports fell 35% from 834,000 short tons in March, 2024 to 545,000 tons in March, 2025. The decline was mainly due to lower hot roll imports from Canada and South Korea, as well as lower hot dip galvanized imports from a number of countries including Vietnam, Mexico and South Africa.
US flat products imports in the first three months of 2025 were 16% lower than in the same period last year. Imports of all flat product categories declined year-on-year with hot dip galvanized -20%, hot roll -16%, cut plate -34%, and cold roll -1%.
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Pierre-Etienne Franc, Co-founder and CEO of Hy24 and Co-founder and President of FiveT Hydrogen AG gives us a fantastic overview of the current hydrogen market as well as its potential for growth in the newest Green Steel Challenge podcast episode, released yesterday. He explains why hydrogen production is important for decarbonizing industrial processes such as steelmaking and where it can be economically produced (and where political support is required).
The Green Steel Challenge podcasts are produced by the Korf Foundation and Kallanish Commodities and the discussion is all about how exactly we can deliver Green Steel. As a great follow-up to Pierre-Etienne Franc, the next podcast guest will be Sanjiv Lamba, CEO of Linde, viewable on April 22nd.
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Worldsteel reported crude steel production in China at 78.9 million metric tonnes in February, 3.3% lower than in February, 2024. Chinese production in the first two months of 2025 was 4.5% lower than in the same period last year.
Data from China’s General Administration of Customs show net finished steel exports (exports minus imports) for January and February, 2025 at 15.9 million tonnes, 8% higher than in the same two months of 2024.
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At the forefront of the European steel industry’s decarbonization is SSAB‘s HyBrit process. On The Green Steel Challenge podcast episode released today, Martin Pei explains exactly how SSAB is leading the steelmaking process transition away from the blast furnace route and how research and collaboration is allowing them to produce a cost-competitive decarbonized steel product.
The Green Steel Challenge podcasts are produced by the Korf Foundation and Kallanish Commodities and the discussion is all about how exactly we can deliver Green Steel. The next podcast guest will be Pierre-Etienne Franc, Co-founder & CEO, Hy24, viewable on April 8th.
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