Market Update | October 27th 2021

Total carbon steel imports continued to climb reaching their highest monthly levels since April 2018. Month-over-month imports are up 13.9% and year-over-year they’re up 144.9%. The total tons imported through September are already more than the tons imported through 2019 and 2020 combined. Despite, the increasing need for global steel supply production continues to slide for the fifth consecutive month. Tons/day production levels are reaching record lows, as seen by major producers like China.