Steel Import Permits Decrease 11 Percent

November Import Market Share At 19 Percent

Washington, D.C., 12/1/2010 - 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 November totaled 1,672,000 net tons (NT).  This was an 11% decrease from the 1,870,000 permit tons recorded in October and a 7% decrease from the October preliminary imports total of 1,791,000 NT.    Import permit tonnage for finished steel in November was 1,442,000 NT, down 3% from the preliminary imports total of 1,489,000 NT in October.  November total and finished steel import permit tons would annualize at 23,832,000 NT and 18,763,000 NT, up 47% and 32%, respectively, from the 16,215,000 NT and 14,179,000 NT imported in 2009.

In November, the largest finished steel import permit applications for offshore countries were for Korea (182,000 NT, down 1% from October), The Netherlands (88,000 NT, up 122%), Japan (87,000 NT, down 16%), China (67,000 NT, up 29%) and Germany (66,000 NT, down 16%).   Finished steel import market shares in November and year-to-date are 19% and 21%, respectively.

Finished steel import permits for major products that registered significant increases in November vs. the October preliminary include hot rolled sheets (up 23%), plates in coils (up 16%) and tin plate (up 15%).

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 140 associate and affiliate members who are suppliers to or customers of the steel industry.  AISI's member companies represent approximately 80 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