Steel Import Permits Increase 15%

Washington, D.C., 8/4/2010 - 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 July totaled 2,323,000 net tons (NT).  This was a 15% increase from the 2,023,000 permit tons recorded in June and a 17% increase from the June preliminary imports total of 1,981,000 NT.  Import permit tonnage for finished steel in July was 1,753,000 NT, up 14% from the preliminary imports total of 1,543,000 NT in June.  July total and finished steel import permit tons would annualize at 23,960,000 NT and 18,722,000 NT, up 48% and 32%, respectively, from the 16,215,000 NT and 14,179,000 NT imported in 2009.

In July, the largest finished steel import permit applications for offshore countries were for Korea (198,000 NT, up 30% from June), India (146,000 NT, up 182%), Japan (127,000 NT, up 79%), China (96,000 NT, up 22%) and Germany (85,000 NT, up 41%).    Finished steel import market share in July and year-to-date is at 21 and 20%, respectively.

Finished steel import permits for major product categories that registered significant increases in July vs. the June preliminary include standard rails (up 816%), line pipe (up 62%), plates in coils (up 46%), oil country goods (up 24%) and cut length plates (up 23%).

In commenting on the July SIMA data, Thomas J. Gibson, AISI president and CEO, stated that, “Our main concerns about the July numbers are the continuing high import market share overall and the spike in imports from China.  With domestic steel capacity utilization year-to-date still at only 70% and with a slowing and uncertain economic recovery, the focus must remain on full and strict trade law enforcement against dumped and subsidized imports. " 

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 23 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