Steel Import Permits Decline 15% June Import Market Share at 19%

Washington, D.C., 7/7/2010 - Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of June totaled 1,955,000 net tons (NT).  This was a 15% decrease from the 2,297,000 permit tons recorded in May and a 12% decrease from the May preliminary imports total of 2,226,000 NT.    

Import permit tonnage for finished steel in June was 1,524,000 NT.  This was a 12% decrease from the preliminary imports total of 1,722,000 NT in May.  June total and finished steel import permit tons would annualize at 23,116,000 NT and 18,165,000 NT, up 43% and 28%, respectively, from the 16,215,000 NT and 14,179,000 NT imported in 2009.

In June, the largest finished steel import permit applications for offshore countries were for Korea (154,000 NT, down 14% from May), China (79,000 NT, up 32%), Taiwan (76,000 NT, up 243%), Japan (70,000 NT, down 42%) and Germany (64,000 NT, down 34%).    Finished steel import market share in June is estimated at 19% and is estimated to be at 20% year-to-date.

Finished steel import permits for major product categories that registered significant increases in June vs. the May preliminary include reinforcing bar (up 117%), sheets and strip all other metallic coatings (up 37%), standard pipe (up 14%) and cut length plates (up 11%).

In commenting on the June SIMA data, Thomas J. Gibson, AISI president and CEO, stated that, “Our concern regarding steel imports is the fact that with domestic capacity utilization remaining below 75% through the entire first half of 2010 and uncertain market conditions for the remainder of 2010, imports have claimed a 20 percent market share.  It is critical that we remain vigilant against any subsidized or dumped imports that are entering the U.S. market."

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 www.steel.org.

Contact:
Nancy Gravatt
Vice President, Communications
American Iron and Steel Institute
Tel: 202.452.7115