Steel Import Permits Down 11% in September; September Import Market Share at 20%; YTD Imports at 22%

 

 

FOR IMMEDIATE RELEASE                                                                                              CONTACT:  NANCY GRAVATT

October 5, 2011                                                                                                                                202.452.7115/ ngravatt@steel.org

Washington, D.C. - 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 September totaled 2,221,000 net tons (NT).  This was an 11% decrease from the 2,481,000 permit tons recorded in August and a 9% decrease from the August preliminary imports total of 2,440,000 NT.    Import permit tonnage for finished steel in September was 1,659,000 NT, down 9% from the preliminary imports total of 1,813,000 NT in August.  Year-to date (YTD) 2011 total and finished steel import permit tons would annualize at 29,236,000 NT and 22,212,000 NT, up 22% and 18%, respectively, vs. the 23,929,000 NT and 18,857,000 NT imported in 2010.  The estimated finished steel import market share in September was 20% and is 22% YTD.

In September, the largest finished steel import permit applications for offshore countries were for Korea (199,000 NT, down 0.3% from August), Japan (128,000 NT, up 40%), China (113,000 NT, down 5%), Germany (74,000 NT, down 9%) and The Netherlands (62,000 NT, up 138%).

Finished steel import permits for major products that registered large increases in September vs. the August preliminary include standard rail (up 104%), tin plate (up 29%) and sheets and strip all other metallic coated (up 54%).   

“Given the significant underutilization of domestic steel capacity and the slowdown in the U.S. and global economic recovery, the substantial finished steel import market share of 22 percent remains of concern,” Thomas J. Gibson, AISI president & CEO, said.  “At a time when our economic recovery is at increased risk, AISI believes more needs to be done to combat currency manipulation and other unfair trade practices that enable producers in China and elsewhere to ship steel and other manufactured goods here at dumped and subsidized prices.”

Link here for a PDF version of the press release.

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 member companies, including integrated and electric furnace steelmakers, and 140 associate and the development and application of new steels and steelmaking technology.  AISI is comprised of 25 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.