AISI Releases April SIMA Imports Data, Import Market Share 28 percent in April

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For Immediate Release
May 7, 2014

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 April total 3,682,000 net tons (NT)*. This was a 4% increase from the 3,551,000 permit tons recorded in March and 14% increase from the March final imports total of 3,234,000 NT. Import permit tonnage for finished steel in April was 2,658,000, up 9% from the final imports total of 2,439,000 in March. For the first 4 months of 2014 (including April SIMA and March final), total and finished steel imports were 13,407,000 NT and 9,814,000 NT, respectively, up 29% and 19% from the same period in 2013. The estimated finished steel import market share in April was 28% and is 26% year-to-date (YTD).

Finished steel imports with large increases in April permits vs. the March final included standard rails (up 108%), wire rods (up 55%), standard pipe (up 52%), heavy structural shapes (up 41%), cold rolled sheets (up 34%), line pipe (up 29%) and hot rolled bars (up 19%). Products with significant year-to-date (YTD) increases vs. the same period in 2013 include wire rods (up 105%), plates in coils (up 63%), cold rolled sheets (up 54%), reinforcing bars (up 40%), sheets and strip hot dipped galvanized (up 36%), sheets and strip all other metallic coatings (up 35%), hot rolled sheets (32%), mechanical tubing (31%), oil country goods (up 16%) and cut lengths plates (up 12%).

In April, the largest finished steel import permit applications for offshore countries were for South Korea (402,000 NT, up 16% from March final), China (398,000 NT up 99%), Japan (195,000 NT, up 14%), Turkey (121,000 NT, down 29%) and Russia (103,000 NT, up 3%). Through the first four months of 2014, the largest offshore suppliers were South Korea (1,568,000 NT, up 27% from the same period in 2013), China (965,000 NT, up 73%) and Japan (692,000, up 5%).

* Monthly permit numbers provided to date may be understated, as entry documentation with the required import license number may be submitted up to ten days after imports have entered U.S. commerce.

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 22 member companies, including integrated and electric furnace steelmakers, and approximately 125 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.