PRELIMINARY STEEL IMPORTS INCREASE 17% IN JANUARY Import Market Share 32% in January

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1 News Release FOR IMMEDIATE RELEASE February 25, 2015 CONTACT: Lisa Harrison / PRELIMINARY STEEL IMPORTS INCREASE 17% IN JANUARY Import Market Share 32% in January 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 4,250,000 net tons (NT) of steel in January 2015, including 3,429,000 net tons (NT) of finished steel (up 16.8% and 15.9%, respectively, vs. December final data). Year-to-date (YTD) total and finished steel imports are 4,250,000 and 3,429,000 net tons (NT), respectively, up 33% and 40% respectively, vs. the same period in Finished steel import market share was an estimated 32% in January. Key finished steel products with a significant import increase in January compared to December 2014 are sheets and strip all other metallic coatings (up 110%), oil country goods (up 64%), hot rolled sheets (up 39%), standard pipe (up 36%) and reinforcing bars (up 19%). % var (1 mo.) (1 mo.) % var % var Jan. Dec. Jan. vs. YTD YTD '15 vs Steel Mill Product (prelim.) final Dec '14 Ann. 12 mo. vs 2014 Ingots and Billets and Slabs 816, , % 816, , % 9,801,815 10,536, % Oil Country Goods 546, , % 546, , % 6,554,588 4,014, % Sheets Hot Rolled 512, , % 512, , % 6,155,045 4,340, % Line Pipe 282, , % 282, , % 3,390,534 2,356, % Sheets Cold Rolled 274, , % 274, , % 3,289,250 2,953, % Sheets & Strip Galv. Hot Dipped 266, , % 266, , % 3,201,529 3,313, % Plates in Coils 222, , % 222, , % 2,674,944 2,229, % Plates Cut Lengths 214, , % 214,604 72, % 2,575,251 1,863, % Bars - Hot Rolled 139, , % 139, , % 1,675,759 1,643, % Wire Rods 129, , % 129, , % 1,555,080 1,624, % Bars - Reinforcing 123, , % 123, , % 1,476,263 1,447, % Standard Pipe 112,392 82, % 112,392 62, % 1,348, , % Sheets & Strip All Other Met. 105,817 50, % 105,817 90, % 1,269,810 1,020, % Wire Drawn 70,875 68, % 70,875 62, % 850, , % Mechanical Tubing 64,263 59, % 64,263 51, % 771, , % Structural Shapes Heavy 63,288 70, % 63,288 40, % 759, , % Tin Plate 50,122 60, % 50,122 30, % 601, , % All Other 254, , % 254, , % 3,049,393 2,914, % TOTAL 4,250,045 3,637, % 4,250,045 3,205, % 51,000,543 44,337, % SUBTOTAL Finished Imports 3,429,081 2,958, % 3,429,081 2,441, % 41,148,971 33,750, %

2 January Preliminary Imports increase 17%; Import Market Share at 32% in January / Page 2 In January, the largest volumes of finished steel imports from offshore were from South Korea (836,000 NT, up 100% vs. December final), Turkey (275,000 NT, up 69%), Japan (211,000 NT, up 14%), China (198,000 NT, down 10%) and Brazil (187,000 NT, up 77%). Below are charts on estimated steel import market share in recent months and on finished steel imports from offshore by country. BY COUNTRY OF ORIGIN Jan. Dec. % incr. (1 mo.) (1 mo.) % incr. % incr. COUNTRY Jan. YTD YTD '15 YTD (Prelim.) final vs. Dec vs. '14 full year Annual vs. '14 South Korea % % 10,029 5, % Turkey % % 3,301 2, % Japan % % 2,526 2, % China % % 2,377 3, % Brazil % % 2, % Germany % % 1,531 1, % Taiwan % % 1,347 1, % All Other 1,483 1, % 1,483 1, % 17,791 17, % Total 3,429 2, % 3,429 2, % 41,149 33, %

3 January Preliminary Imports increase 17%; Import Market Share at 32% in January / Page 3 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Product 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior Jan. '15 - Nov. '14 Oct. '14 - Aug. '14 % Change Sheets Hot Rolled % Oil Country Goods % Sheets Cold Rolled % Sheets & Strip Galv Hot Dipped % Line Pipe % Plates in Coils % Plates Cut Lengths % Bars - Hot Rolled % Bars - Reinforcing % Wire Rods % All Other % Total 3,108 3, % 3 MONTHS ROLLING AVERAGE Preliminary Actual Current 3 Months Country 3 Mos. Rolling Avg. 3 Mos. Prior vs 3 Months Prior Jan. '15 - Nov. '14 Oct. '14 - Aug. '14 % Change South Korea % China % Turkey % Japan % Germany % Brazil % Taiwan % India % Russia % Netherlands % All Other 1,282 1, % Total 3,108 3, %

4 January Preliminary Imports increase 17%; Import Market Share at 32% in January / Page 4 Millions of Net Tons Monthly Imports 2015 vs Finished Semi-finished '14 '15 '14 '15 '14 '15 '14 '15 '14 '15 '14 '15 '14 '15 '14 '15 '14 '15 '14 '15 '14 '15 '14 '15 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Semi-finished Finished % change finished imports January 2015 vs January 2014 = +40.4% Millions of Net Tons Month Rolling Averages and 2015 vs Finished Semi-finished 0 3 Mos. Prior 3 Mos. Rolling Rolling Avg. Avg * Semi-finished Finished % change finished imports 3 Mos. Rolling Avg. vs. 3 Mos. Prior = +1.4% % change semi-finished imports 2015 vs 2014 = -6.9% % change finished imports 2015 vs 2014 = +21.9% * annualized

5 January Preliminary Imports increase 17%; Import Market Share at 32% in January / 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 19 member companies, including integrated and electric furnace steelmakers, and approximately 125 associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view AISI s website at -#####-