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Steel prices appear to be heading down after some large manufacturers have cut prices of hot-rolled (HR) and cold-rolled coils by up to 1,500 a tonne in the first week of March.This is the Steel Imports Report United StatesSteel Imports Report United States Background May 2020 The United States is the worlds largest steel importer (2019 ranking).In 2019,the U.S.imported 26.3 million metric tons of steel,a 15 percent decrease from 30.8 million metric tons in 2018.U.S.imports in 2019 represented about 8 percent of all steel imported globally,based onSteel 2016-2021 Data 2022-2023 Forecast Price Shanghai steel futures have been trading below 4,800 yuan a tonne,pressured by a rise in inventories as steel mills continued to operate during the Lunar New Year holidays while demand slowed.Steel prices skyrocketed to a record high of 4,850 yuan a tonne on March 3rd after the government of the steelmaking hub of Tangshan city in Hebei province restricted mills operations to improve air
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