DoC: U.S. steel imports from China plunge 26% YoY in March

The United States imported just 25,312 tonnes of finished steel items from China in March, marking a five-year low and the smallest monthly volume since February 2020, according to data released on May 6 by the U.S. Census Bureau under the Department of Commerce (DoC).

The figure brought an end to two consecutive months of year-on-year increases amid a brief surge in export activity as Chinese shippers raced against the promises of a newly inaugurated President Trump. The total represented a sharp 25.8% decline from the 34,092 tonnes recorded in March 2024, and a