U.S. steel consumption declining

U.S. steel consumption declining

U.S. demand for steel is falling after peaking in 2021, and imports are comprising a greater share of consumption as domestic production flatlines.

Hover/tap for detailU.S. steel consumption and producton in metric tons

Consumption

Production

Imports as share of U.S. consumption

2024 consumption is a preliminary estimate.

Source: World Steel Association, American Iron and Steel InstituteJim Foster, The Minnesota Star Tribune