February SIMA Import Permits Down 5 Percent, Import Market Share 22% in February

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For Immediate Release:
March 6, 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 February total 2,558,000 net tons (NT).  This was a 5% decrease from the 2,692,000 permit tons recorded in January and down 0.8% from the January preliminary imports total of 2,579,000 NT.  Import permit tonnage for finished steel in February was 1,937,000, down 8% from the preliminary imports total of 2,106,000 in January.  February 2013 total and finished steel import permit tons would annualize at 30,822,000 NT and 25,258,000 NT, down 8% and 6%, respectively, vs. the 33,475,000 NT and 25,826,000 NT imported in 2012.  The estimated finished steel import market share in February was 22% and is 23% year-to-date (YTD).

Finished steel imports with large increases in February permits vs. the January preliminary included cut length plates (up 65%), plates in coils (up 29%), standard rails (up 29%) and sheets and strip all other metallic coatings (up 19%).  Major products with significant year-to-date (YTD) increases vs. the same period in 2012 include sheets and strip galvanized hot dipped (up 24%), line pipe (up 20%) and wire drawn (up 17%).

In February, the largest finished steel import permit applications for offshore countries were for South Korea (296,000 NT, down 15% from January), Turkey (144,000 NT up 9%), Japan (134,000 NT, down 3%), China (119,000 NT, down 28%) and Germany (100,000 NT, up 36%).  Through the first two months of 2013, the largest offshore suppliers were South Korea (645,000 NT, down 1% from the same period in 2012), China (284,000 NT, up 50%) and Turkey (276,000 NT, down 21%).

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 25 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 Web site at www.steel.org.

Contact: Lisa Harrison
202.452.7115 / lharrison@steel.org

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