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In reply to the discussion: So he ups the tariffs of steel and aluminum from Canada to 50% [View all]bigtree
(94,261 posts)Canada is the top source of U.S. steel imports, followed by Brazil, Mexico, South Korea, and Vietnam.
The United States imported nearly 6 million metric tons of steel from Canada in 2024, roughly 23% of its total steel imports that year. Brazil accounted for 4 million metric tons, or about 16% of all imports. Mexico exported just over 3 million metric tons of steel to the U.S., about 12% of U.S. steel imports.
Steel imports from Canada have hovered between 5 million and 6 million metric tons for over a decade, while imports from Mexico have stayed between around 2.5 million and 4.5 million metric tons.
Canada 5.95
Brazil 4.08
Mexico 3.19
Canada is the top source of U.S. aluminum imports, followed by the UAE, China, Russia, and Bahrain.
The U.S. imported just over 3 million metric tons of aluminum from Canada in 2024, roughly 58% of total U.S. aluminum imports that year. Since 2010, Canadian aluminum has accounted for between 40% and 60%, roughly, of U.S. aluminum imports.
The UAE is a distant second, supplying 350,000 metric tons of aluminum to the United States, around 9% of U.S. imports.
The United States produced 670,000 metric tons of primary aluminum in 2024, down from 1 million metric tons in 2020 and 1.1 million metric tons in 2019. China is the worlds largest producer of aluminum by far. China pumped out 43 million metric tons of aluminum in 2024. India was a distant second, producing 4.2 million metric tons of aluminum that year.
Just two companies -- Alcoa (NYSE:AA) and Century Aluminum (NASDAQ:CENX) -- are currently producing primary aluminum in the United States across four smelters.
https://www.fool.com/research/steel-and-aluminum-tariffs-imports/?msockid=254b8d44e20567991f9a98d0e3ed665f