US' HRC imports increased in December 2023

Based on the data from the US Department of Commerce's Census Bureau, the US hot rolled coil (HRC) imports reached approximately 183,000 tons in December 2023. This marked a 38.4% increase compared to the preceding month and a 38% rise from the corresponding month in the previous year.

Canada had the largest share of imports

The highest proportion of imports came from Canada, amounting to approximately 103,000 tons, showing a 35% increase compared to the previous month and a 32% increase compared to the same period last year. Other countries that had a high proportion in imports imports were South Korea with 25,500 tons and Brazil with 23,000 tons.

Import value increased on a monthly and annual basis

In terms of import value, the total amounted to around US$145 million which marked a rise of 36.7% compared to the previous month and a growth of 36.2% on an annual basis.