Steel Import Permits Down 14% in November, November Import Market Share at 20%

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 For Immediate Release - December 7

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 November totaled 1,984,000 net tons (NT).  This was a 14% decrease from the 2,309,000 permit tons recorded in October and a 9% decrease from the October preliminary imports total of 2,192,000 NT.  Import permit tonnage for finished steel in November was 1,611,000 NT, down 8% from the preliminary imports total of 1,754,000 NT in October.  Year-to date (YTD) 2011 total and finished steel import permit tons would annualize at 28,545,000 NT and 21,899,000 NT, up 19% and 16%, respectively, vs. the 23,929,000 NT and 18,857,000 NT imported in 2010.  The estimated finished steel import market share in November was 20% and is 22% year-to-date.

In November, the largest finished steel import permit applications for offshore countries were for Korea (198,000 NT, down 7% from October), The Netherlands (113,000 NT, up 106%), Japan (95,000 NT, down 16%), China (86,000 NT, down 17%) and Germany (78,000 NT, down 5%).

Finished steel import permits for products that registered increases in November vs. the October preliminary include standard rail (up 45%), electrical sheets and strip (up 22%), tin free steel (up 12%) and standard pipe (up 10%).   

Contact: Nancy Gravatt
202.452.7115
ngravatt@steel.org 

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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 120 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.