FOR IMMEDIATE RELEASE - American Iron and Steel Institute

News ReleaseFOR IMMEDIATE RELEASEJanuary 23, 2013CONTACT: LISA HARRISON202.452.7115/lharrison@steel.orgDecember Preliminary Steel Imports Decrease 14% vs. November24 Percent Finished Steel Import Market Share in 2012Washington, 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 2,339,000 net tons (NT) of steel in December, including 1,654,000NT of finished steel (down 14% and 19%, respectively, from November final data). Preliminary total and finishedsteel imports for 2012 are 33.3 and 25.7 million NT, up 17% and 18%, each, respectively vs. 2011. Finished steelimport market share in December was an estimated 20% and is estimated at 24% for full year 2012.A key finished steel product with a significant import increase in December 2012 compared to November is hot rolledsheets (up 37%). Major products with significant full year 2012 import increases vs. 2011 include reinforcing bar (up49%), line pipe (up 40%), sheets & strip galvanized hot dipped (up 36%), oil country goods (up 24%), sheets and stripall other metallic coatings (up 22%) and cut lengths plates (up 19%).% var (12 mo.) (12 mo.) % var % varDec Nov. Dec. vs. YTD YTD '12 vs. 2012 2011 2012 ann.Steel Mill Product (prelim.) final Nov. 2012 2011 '11 12 mo. 12 mo. vs 2011 12 mo.Ingots and Billets and Slabs 681,369 670,345 1.6% 7,605,178 6,624,734 14.8% 7,605,178 6,624,734 14.8%Oil Country Goods 166,894 248,425 -32.8% 3,600,558 2,908,517 23.8% 3,600,558 2,908,517 23.8%Sheets Hot Rolled 260,116 189,610 37.2% 2,811,918 2,664,061 5.6% 2,811,918 2,664,061 5.6%Line Pipe 175,344 234,372 -25.2% 2,761,346 1,974,263 39.9% 2,761,346 1,974,263 39.9%Sheets & Strip Galv Hot 118,960 190,905 -37.7% 1,987,434 1,461,926 35.9% 1,987,434 1,461,926 35.9%Sheets Cold Rolled 143,412 172,284 -16.8% 1,619,086 1,392,692 16.3% 1,619,086 1,392,692 16.3%Bars - Hot Rolled 113,606 135,093 -15.9% 1,539,754 1,325,170 16.2% 1,539,754 1,325,170 16.2%Plates in Coils 93,303 142,801 -34.7% 1,501,148 1,359,883 10.4% 1,501,148 1,359,883 10.4%Plates Cut Lengths 64,095 73,772 -13.1% 1,391,025 1,168,749 19.0% 1,391,025 1,168,749 19.0%Wire Rods 55,730 73,296 -24.0% 1,095,826 1,015,109 8.0% 1,095,826 1,015,109 8.0%Bars - Reinforcing 59,453 97,728 -39.2% 979,206 655,419 49.4% 979,206 655,419 49.4%Standard Pipe 65,397 73,861 -11.5% 963,180 832,142 15.7% 963,180 832,142 15.7%Wire Drawn 47,914 52,596 -8.9% 682,736 635,807 7.4% 682,736 635,807 7.4%Mechanical Tubing 36,950 38,016 -2.8% 656,381 615,363 6.7% 656,381 615,363 6.7%Sheets & Strip All Other 41,738 51,899 -19.6% 649,958 532,531 22.1% 649,958 532,531 22.1%Structural Shapes Heavy 23,176 33,694 -31.2% 478,149 512,416 -6.7% 478,149 512,416 -6.7%Tin Plate 37,576 49,407 -23.9% 470,782 403,008 16.8% 470,782 403,008 16.8%All Other 153,629 188,303 -18.4% 2,553,960 2,433,485 5.0% 2,553,960 2,433,485 5.0%TOTAL 2,338,662 2,716,407 -13.9% 33,347,625 28,515,275 16.9% 33,347,625 28,515,275 16.9%SUBTOTAL Finished Imports 1,653,723 2,041,981 -19.0% 25,699,356 21,834,625 17.7% 25,699,356 21,834,625 17.7%-MORE-

December Preliminary Imports Decrease 14%; YTD Import Market Share at 24% / Page 2In December, the largest volumes of finished steel imports from offshore were all from Asia and Europe. Theywere China (164,000 NT, up 3%), South Korea (134,000 NT, down 55%), Germany (92,000 NT, down 9%), Japan(80,000 NT, down 44%) and Turkey (49,000 NT, down 56%). For full year 2012, the largest offshore supplierswere South Korea (3,626,000 NT, up 28%), Japan (1,924,000 NT, up 30%), China (1,646,000 NT, up 34%), Turkey(1,347,000 NT, up 84%) and Germany (1,245,000 NT, up 31%). Below are charts on estimated steel import marketshare in recent months and on finished steel imports from offshore by country.28%Estimated Finished Steel Import Market Share for the Past 12 Months26%24%22%20%18%JANFEBMARAPRMAYJUNEJULYAUGSEPOCTNOVDEC2012U.S. IMPORTS OF FINISHED STEEL MILL PRODUCTSBY COUNTRY OF ORIGIN(thousands of net tons)% incr. (12 mo.) (12 mo.) % incr. 2012 % incr.COUNTRY Dec Nov. Dec. YTD YTD '10 YTD full year 2011 20122012 2012 vs Nov. 2012 2011 vs. '09 (est.) Annual vs. '11South Korea 134 299 -55.2% 3,626 2,837 27.8% 3,626 2,837 27.8%Japan 80 143 -44.3% 1,924 1,477 30.3% 1,924 1,477 30.3%China 164 159 3.2% 1,646 1,231 33.7% 1,646 1,231 33.7%Turkey 49 112 -56.5% 1,347 733 83.6% 1,347 733 83.6%Germany 92 101 -8.9% 1,245 954 30.5% 1,245 954 30.5%Taiwan 42 75 -44.4% 815 647 25.9% 815 647 25.9%India 44 69 -37.1% 762 717 6.2% 762 717 6.2%All Other 1,049 1,082 -3.1% 14,334 13,237 8.3% 14,334 13,237 8.3%Total 1,654 2,042 -19.0% 25,699 21,835 17.7% 25,699 21,835 17.7%-MORE-

December Preliminary Imports Decrease 14%; YTD Import Market Share at 24% / Page 3U.S. IMPORTS OF FINISHED STEEL MILL PRODUCTS3 MONTHS ROLLING AVERAGE(thousands of net tons)Preliminary Actual Current 3 MonthsProduct 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months PriorDec. - Oct. Sep. - Jul. % ChangeOil Country Goods 237 305 -22.3%Sheets Hot Rolled 222 241 -7.9%Line Pipe 219 236 -7.2%Sheets & Strip Galv Hot Dipped Galv. 165 168 -1.8%Sheets Cold Rolled 150 129 16.3%Bars - Hot Rolled 121 119 1.7%Plates in Coils 118 113 4.4%Plates Cut Lengths 83 136 -39.0%Bars - Reinforcing 72 47 53.2%Standard Pipe 71 83 -14.5%All Other 481 514 -6.4%Total 1,939 2,091 -7.3%U.S. IMPORTS OF FINISHED STEEL MILL PRODUCTS3 MONTHS ROLLING AVERAGE(thousands of net tons)Preliminary Actual Current 3 MonthsCountry 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months PriorNov. - Sep. Aug. - Jun. % ChangeSouth Korea 272 308 -11.7%China 151 128 18.0%Japan 135 172 -21.5%Germany 104 98 6.1%Turkey 77 70 10.0%Netherlands 70 54 29.6%India 61 63 -3.2%Taiwan 51 64 -20.3%United Kingdom 50 32 56.3%Australia 38 15 153.3%All Other 930 1,087 -14.4%Total 1,939 2,091 -7.3%Source: U.S. Department of Commerce

Millions of Net TonsMillions of Net TonsDecember Preliminary Imports Decrease 14%; YTD Import Market Share at 24% / Page 43.5Monthly Imports 2012 vs. 2011Finished Semi-finished3.02.52.01.51.00.50.0J11 J12 F11 F12 M 11 M 12 A11 A12 M 11 M 12 J11 J12 J11 J12 A11 A12 S11 S12 O11 O12 N11 N12 D11 D12Semi-finished 0.4 0.6 0.4 0.6 0.6 0.9 0.6 0.7 1.0 0.7 0.6 0.6 0.5 0.6 0.6 0.6 0.6 0.6 0.4 0.5 0.5 0.7 0.5 0.7Finished 1.7 2.2 1.4 2.1 1.9 2.2 1.9 2.5 2.0 2.4 2.1 2.2 2.1 2.2 1.8 2.0 1.7 2.0 1.9 2.1 1.7 2.0 1.5 1.7% change finished imports December 2012 vs December 2011 = +4.8%40353025201510503 Month Rolling Averages and 2012 vs. 20113 Mos. PriorRolling Avg.Finished3 Mos. RollingAvg.Semi Finished2011 2012*Semi Finished 0.593 0.614 6.681 7.648Finished 2.091 1.940 21.835 25.699% change finished imports 3 Mos. Rolling Avg. vs. 3 Mos. Prior = -7.3%% change semi-finished imports 2012 vs 2011 = +14.5%% change finished imports 2012 vs 2011 = +17.7%* annualized

December Preliminary Imports Decrease 14%; YTD Import Market Share at 24% / Page 5-MORE-AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel inthe marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of newsteels and steelmaking technology. AISI is comprised of 25 member companies, including integrated and electric furnacesteelmakers, and 124 associate members who are suppliers to or customers of the steel industry. AISI’s membercompanies represent over three quarters of both U.S. and North American steel capacity. For more news about steel andits applications, view AISI’s Web site at www.steel.org.-#####-