Preliminary Steel Imports Decrease 19% in November Steel Import Market Share at 22% through 11 Months

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Marion McDowell
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1 News Release FOR IMMEDIATE RELEASE December 22, 2009 CONTACT: NANCY GRAVATT / Preliminary Steel Imports Decrease 19% in Steel Import Market Share at 22% through 11 Months Washington, D.C. Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 1,321,000 net tons (NT) of steel in 2009, including 954,000 NT of finished steel (down 19% and 23%, respectively, vs. final data). Annualized total and finished steel imports in 2009 would be 16.1 and 14.2 million NT, respectively, down 50 and 45% vs Finished steel import market share was an estimated 15% in and is an estimated 22% year-to-date (YTD) through eleven months. Key finished steel products with increases in 2009 compared to include tin plate (6%), standard pipe (5%) and hot rolled sheets (4%). % var (11 mo) (11 mo) % var % var Nov. Oct. Nov. vs. YTD YTD 09 vs ann. Steel Mill Product (prelim.) final Oct '08 Annualized 12 mo. vs mo. Ingots and Billets and Slabs 361, , % 1,738,012 5,729, % 1,896,014 5,943, % Sheets Hot Rolled 191, , % 1,574,071 2,616, % 1,717,169 2,769, % Oil Country Goods 42,483 42, % 1,540,229 3,501, % 1,680,250 3,973, % Line Pipe 97, , % 1,477,496 2,996, % 1,611,814 3,223, % Sheets Cold Rolled 89,991 96, % 1,022,694 1,361, % 1,115,666 1,439, % Sheets & Strip Galv Hot Dipped 69,751 91, % 948,466 1,698, % 1,034,690 1,821, % Plates in Coils 33,301 82, % 662,686 1,159, % 722,931 1,213, % Wire Rods 64, , % 660,600 1,125, % 720,655 1,229, % Bars - Hot Rolled 61,045 71, % 588,641 1,402, % 642,154 1,486, % Standard Pipe 38,729 36, % 545,471 1,078, % 595,060 1,180, % Plates Cut Lengths 30,264 46, % 486,143 1,155, % 530,338 1,237, % Wire Drawn 45,911 54, % 440, , % 480, , % Bars - Reinforcing 7,857 33, % 397, , % 433, , % Structural Shapes Heavy 16,785 37, % 348, , % 380, , % Mechanical Tubing 17,810 19, % 311, , % 340, , % Tin Plate 32,007 30, % 290, , % 316, , % Sheets & Strip All Other Met. Ctd. 22,610 19, % 270, , % 295, , % All Other 97, , % 1,445,295 2,396, % 1,576,686 2,576, % TOTAL 1,320,879 1,625, % 14,748,710 29,860, % 16,089,505 31,926, % SUBTOTAL Finished Imports 954,098 1,243, % 12,990,966 24,105, % 14,171,962 25,955, %

2 Imports decrease 19% / Page 2 In, the largest volumes of finished steel imports from offshore were from South Korea (105,000 NT, down 6%), China (61,000 NT, up 10%), The Netherlands (60,000 NT, down 39%), Japan (55,000 NT, down 40%) and Brazil (49,000 NT, up 170%). Based on the first 11 months of 2009, finished steel imports from China would annualize at 1.5 million NT, 68% less than in 2008 but more than any other offshore supplier. Below are charts on estimated steel import market share by month and finished steel imports by country. 40 Estimated Steel Import Market Share By Month (Jan ) December December Percentage BY COUNTRY OF ORIGIN % incr. (11 mo) (11 mo) % incr % incr. COUNTRY Nov. Oct. Nov. Nov. YTD YTD '09 YTD full year an vs Oct vs. '08 (est.) Annual vs. '08 South Korea % 1,218 2, % 1,329 2, % China % 1,416 4, % 1,544 4, % Netherlands % % % Japan % 877 1, % 957 1, % Brazil % % % Germany % 451 1, % 492 1, % Italy % % % India % % 590 1, % All Other % 7,518 12, % 8,202 13, % Total 954 1,243 2, % 12,991 24, % 14,172 25, % -MORE

3 Imports decrease 19% / Page 3 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Product 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior Nov Sep. 09 Aug Jun. 09 % Change Sheets Hot Rolled % Line Pipe % Sheets Cold Rolled % Wire Rods % Sheets & Strip Galv Hot Dipped % Bars - Hot Rolled % Plates in Coils % Wire Drawn % Plates Cut Lengths % Oil Country Goods % All Other % Total 1, % 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Country 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior Nov Sep. 09 Aug Jun. 09 % Change South Korea % Japan % The Netherlands % China % Italy % Australia % India % Brazil % Germany % Turkey % All Other % Total 1, % Source: U.S. Department of Commerce

4 Imports decrease 19% / Page 4 Monthly Imports 2008 vs Millions of Net Tons J8 J9 F8 F9 M8 M9 A8 A9 M8 M9 J8 J9 J8 J9 A8 A9 S8 S9 O8 O9 N8 N9 D8 D9 Semi-finished Finished % change finished imports 2009 vs 2008 = -57.1% 3 Month Rolling Averages and YTD 2009 vs Millions of Net Tons Mos. Prior Rolling Avg. 3 Mos. Rolling Avg Mos YTD *2009 Annualized Semi Finished Finished % change finished imports 3 Mos. Rolling Avg. vs. 3 Mos. Prior = 27.9% % change semi-finished imports 2009 vs 2008 = -67.9% % change finished imports 2009 vs 2008 = -45.4% *preliminary

5 Imports decrease 19% / Page 5 AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 24 member companies, including integrated and electric furnace steelmakers, and 138 associate and affiliate members who are suppliers to or customers of the steel industry. AISI's member companies represent approximately 75 percent of both U.S. and North American steel capacity. For more news about steel and its applications, view AISI s Web site at -###-

Preliminary Steel Imports Increase 29% in October Steel Import Market Share at 22% through 10 Months

News Release FOR IMMEDIATE RELEASE November 24, 2009 CONTACT: NANCY GRAVATT 202.452.7115/ ngravatt@steel.org Preliminary Steel Imports Increase 29% in Steel Import Market Share at 22% through 10 Months