The Trump administration is currently waiting for the results of an investigation into the effects of steel imports on national security in the U.S. According to a report by the International Trade Administration, the trade deficit in steel products has grown by 269 percent since 2009, amounting to -21.2 million metric tons (mmt) of crude steel in 2016. In fact, the U.S. is the world’s largest recipient of steel from abroad with 30 percent of its crude steel consumption being imported.
As our graphic illustrates, apparent consumption (measuring the national steel demand) has increasingly surpassed production in recent years. Accordingly, apparent consumption grew by 53 percent, while crude steel production only increased by 32 percent - making steel imports necessary.
In 2016, the largest share of crude steel came from Canada which exported 5.2 mmt to the U.S. In second place was Brazil with 3.9 mmt with South Korea following closely behind with 3.5 mmt.
The Statista "Chart of the Day", made available
under the Creative Commons License CC BY-ND 3.0, may be used
and displayed without charge by all commercial and
non-commercial websites. Use is, however, only permitted with
proper attribution to Statista. When publishing one of these graphics,
please include a backlink to the respective infographic URL.
The Statista "Chart of the Day" currently focuses
on two sectors: "Media and Technology", updated
daily and featuring the latest statistics from the media,
internet, telecommunications and consumer electronics
industries; and "Economy and Society", which
current data from the United States and around the
world relating to economic and political issues as well as
sports and entertainment.
For individual content and infographics in your Corporate Design,
please visit our agency website
Any more questions?
Get in touch with us quickly and easily. We are happy to help!