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News Release FOR IMMEDIATE RELEASE July 5, 0 CONTACT: NANCY GRAVATT 0.45.75/ ngravatt@steel.org Finished Steel Imports Decline in June, But Up Percent in First Half 0 Import Market Share in 0 at 4 Percent 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,593,000 net tons (NT) of steel in June, including,098,000 NT of finished steel (down 5 and 3% each, respectively, from May final data). Year-to-date (YTD) finished imports are up % vs. the same period in 0. Annualized total and finished steel imports in 0 would be 34.8 and 7.0 million NT, respectively, up and 4%, each, respectively vs. 0. Finished steel import market share in June was 3% and is 4% YTD. A key finished steel product with a significant import increase in June 0 compared to May is tin plate (up 0%). Major products with significant YTD import increases vs. the same period last year include reinforcing bar (up 55%), plates cut lengths (up 5%), oil country goods (up 40%), sheets and strip all other metallic coatings (up 38%) and sheets and strip galvanized hot dipped (up 38%). % var (6 mo) (6 mo) % var % var June May June vs. YTD YTD ' vs. 0 0 0 ann. Steel Mill Product (prelim.) final May 0 0 ' Annualized mo. vs 0 mo. Ingots and Billets and Slabs 489,8 646,79-4.4% 3,885,087 3,50,0 0.4% 7,770,74 6,64,733 7.3% Oil Country Goods 34,54 384,6-5.5%,95,64,396,893 39.7% 3,903,8,908,56 34.% Sheets Hot Rolled 35,030 33,95 0.5%,47,939,350,753 5.0%,835,878,664,06 6.4% Line Pipe 89,3 57,66-6.4%,377,940,00,087 37.5%,755,880,974,6 39.6% Sheets & Strip Galv Hot Dipped 54,863 96,07 -.0% 985,59 74,065 38.0%,970,38,46,96 34.8% Bars - Hot Rolled 57,09 65,9-5.4% 87,370 674,7.%,634,740,35,70 3.4% Plates in Coils 0,530 30,44 -.% 808,974 667,4.%,67,948,359,883 9.0% Sheets Cold Rolled 30,04 44,6-9.7% 778,699 79,754 8.%,557,398,39,689.8% Plates Cut Lengths,366 34,469-9.0% 734,94 487,73 50.5%,468,388,68,748 5.6% Wire Rods 93,66 90,054 4.0% 633,39 595,583 6.3%,66,78,05, 4.7% Bars - Reinforcing 66,463 75,983 -.5% 68,750 399,957 54.7%,37,500 655,49 88.8% Standard Pipe 85,453 96,543 -.5% 50,6 439,056 4.%,00,43 83,44 0.5% Sheets & Strip All Other Met. 53,45 68,85 -.9% 37,604 68,67 38.3% 743,08 53,53 39.6% Mechanical Tbing 58,334 69,706-6.3% 358,048 306,80 6.7% 76,096 65,366 6.4% Wire Drawn 6,450 64,96-5.3% 346,798 334,7 3.8% 693,596 635,787 9.% Structural Shapes Heavy 6,783 4,65-37.% 66,007 304,375 -.6% 53,04 5,46 3.8% Tin Plate 37,490 3,5 0.4% 5,359 98,674 3.4% 450,78 403,009.8% All Other 05,73 3,768 -.%,36,353,65,8 4.8%,65,706,433,503 9.0% TOTAL,59,570 3,064,0-5.4% 7,404,50 4,645,390 8.8% 34,808,500 8,55,76.% SUBTOTAL Finished Imports,097,784,4,47-3.0% 3,498,49,09,49.7% 6,996,98,834,65 3.6%

Finished Imports Down in June, but Up % in First Half 0; YTD Import Market Share at 4% / Page In June, the largest volumes of finished steel imports from offshore were from South Korea (93,000 NT, down 4%), China (74,000 NT, up %), Japan (3,000 NT, down 30%), Germany (,000 NT, no change) and Turkey (88,000 NT, down 33%). For the first 6 months of 0, the largest offshore suppliers were South Korea (,866,000 NT, up 4%), Japan (98,000 NT, up 30%), Turkey (905,000 NT, up 00%), China (785,000 NT, up 40%) and Germany (635,000 NT, up 3%). Below are charts on estimated steel import market share in recent months and on finished steel imports from offshore by country. 8% Estimated Finished Steel Import Market Share for the Past Months 6% 4% % 0% 8% JULY AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUNE BY COUNTRY OF ORIGIN 0 % incr. (6 mo.) (6 mo.) % incr. 0 % incr. COUNTRY June May June YTD YTD ' YTD full year 0 0 an. 0 0 vs May 0 0 vs. ' (est.) Annual vs. ' South Korea 93 340-3.9%,866,50 3.6% 3,733,837 3.6% China 74 7.% 785 56 39.7%,569,3 7.4% Japan 3 88-30.% 98 757 9.7%,963,477 3.9% Germany 0.0% 635 485 30.9%,69 954 33.% Turkey 88 3-33.0% 905 45 00.%,809 733 46.7% Russia 69 67.9% 454 3 96.9% 908 5 74.4% Taiwan 66 80-6.5% 465 348 33.6% 93 647 43.8% All Other,56,33 -.0% 7,407 6,748 9.8% 4,84 3,434 0.3% Total,098,4-3.0% 3,498,09.7% 6,997,835 3.6%

Finished Imports Down in June, but Up % in First Half 0; YTD Import Market Share at 4% / Page 3 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Product 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior June - April Mar. - Jan % Change Oil Country Goods 337 34 7.3% Sheets Hot Rolled 58 4 0.6% Line Pipe 33 6 3.% Sheets & Strip Galv Hot 86 43 30.% Plates in Coils 5 7 9.9% Bars - Hot Rolled 5 5.6% Sheets Cold Rolled 6 34-6.0% Plates Cut Lengths 5 0 4.% Wire Rods 4 97 7.5% Standard Pipe 86 8 6.% All Other 56 60-6.5% Total,33,68 7.5% 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Country 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior June - April Mar. - Jan % Change South Korea 34 308.9% China 63 99 64.6% Japan 65 6.9% Germany 3 99 4.% Turkey 30 7-4.0% Russia 05 46 8.3% Taiwan 8 73.3% United Kingdom 6 38 63.% Italy 63 44 43.% Netherlands 50 37 35.% All Other,084,09-0.6% Total,33,68 7.5% Source: U.S. Department of Commerce

Millions of Net Tons Millions of Net Tons Finished Imports Down in June, but Up % in First Half 0; YTD Import Market Share at 4% / Page 4 3.5 Monthly Imports 0 vs. 0 Finished Semi-finished 3.0.5.0.5.0 0.5 0.0 J J F F A A J J J J A A S S O Semi-finished 0.4 0.6 0.4 0.6 0.6 0.9 0.6 0.7.0 0.7 0.6 0.5 0.5 0.6 0.6 0.4 0.5 0.5 Finished.7..4..9..9.5.0.4....8.7.9.7.5 O N N D D % change finished imports May 0 vs April 0 = +3.0% 40 35 30 5 0 5 0 5 0 3 Month Rolling Averages and 0 vs. 0 3 Mos. Prior Rolling Avg. Finished 3 Mos. Rolling Avg. Semi Finished 0 *0 Semi Finished 0.699 0.60 6.68 7.8 Finished.68.33.835 6.997 % change finished imports 3 Mos. Rolling Avg. vs. 3 Mos. Prior = +7.5% % change semi-finished imports 0 vs 0 = +6.9% % change finished imports 0 vs 0 = +3.6%

Finished Imports Down in June, but Up % in First Half 0; YTD Import Market Share at 4% / 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 5 member companies, including integrated and electric furnace steelmakers, and 4 associate members who are suppliers to or customers of the steel industry. AISI s member companies represent over three quarters of both U.S. and North American steel capacity. For more news about steel and its applications, view AISI s Web site at www.steel.org. -#####-