August SIMA Import Permits Up 7 Percent, Import Market Share 23 Percent in August

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For Immediate Release
September 4, 2013

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 August total 2,686,000 net tons (NT). This was a 7% increase from the 2,508,000 permit tons recorded in July and 9% increase from the July preliminary imports total of 2,475,000 NT. Import permit tonnage for finished steel in August was 2,079,000, up 6% from the preliminary imports total of 1,956,000 in July. For the first eight months of 2013 (including August SIMA and July preliminary), total and finished steel imports were 20,893,000 NT and 16,404,000 NT, respectively, down 10% and 8% from the same period in 2012. August 2013 total and finished steel import permit tons would annualize at 31,339,000 NT and 24,605,000 NT, down 6% and 5%, respectively, vs. the 33,475,000 NT and 25,826,000 NT imported in 2012. The estimated finished steel import market share in August was 23% and is 23% year-to-date (YTD).

Finished steel imports with large increases in August permits vs. the July preliminary included reinforcing bars (up 128%), oil country goods (up 37%), sheets and strip galvanized hot dipped (up 33%), sheets and strip all other metallic coatings (up 22%) and cold rolled sheets (up 21%). Products with significant year-to-date (YTD) increases vs. the same period in 2012 include heavy structural shapes (up 22%), standard rail (up 35%), tin plate (up 20%) and reinforcing bars (up 13%).

In August, the largest finished steel import permit applications for offshore countries were for South Korea (363,000 NT, up 38% from July preliminary), Japan (183,000 NT up 24%), China (117,000 NT, down 33%), Turkey (107,000 NT, up 82%) and The Netherlands (91,000 NT, up 62%). Through the first eight months of 2013, the largest offshore suppliers were South Korea (2,383,000 NT, down 4% from the same period in 2012), Japan (1,289,000 NT, down 5%) and China (1,192,000 NT, up 9%).

Contact:Lisa Harrison
202.452.7115 / lharrison@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 the development and application of new steels and steelmaking technology. AISI is comprised of 24 member companies, including integrated and electric furnace steelmakers, and 124 associate members who are suppliers to or customers of the steel industry. AISI’s member companies represent over three quarters of both U.S. and North American steel capacity. For more news about steel and its applications, view AISI’s website at www.steel.org.