AISI Releases February SIMA Imports Data, Import Market Share 25 Percent in February

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For Immediate Release
March 5, 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 February total 3,194,000 net tons (NT)*. This was a 2% decrease from the 3,259,000 permit tons recorded in January and 1% increase from the January preliminary imports total of 3,172,000 NT. Import permit tonnage for finished steel in February was 2,211,000, down 8% from the preliminary imports total of 2,409,000 in January. For the first two months of 2014 (including February SIMA and January preliminary), total and finished steel imports were 6,366,000 NT and 4,620,000 NT, respectively, up 24% and 15% from the same period in 2013. The estimated finished steel import market share in February was 25% and is 25% year-to-date (YTD).

Finished steel imports with large increases in February permits vs. the January preliminary included tin plate (up 76%), cut lengths plates (up 57%), structural pipe and tubing (up 39%), mechanical tubing (up 25%) and plates in coils (up 17%). Products with significant year-to-date (YTD) increases vs. the same period in 2013 include wire rods (up 82%), plates in coils (up 80%), reinforcing bars (up 52%), sheets and strip all other metallic coatings (up 41%), sheets and strip galvanized hot dipped (up 31%), hot rolled sheets (up 30%), oil country goods (up 27%), mechanical tubing (up 27%) and cold rolled sheets (up 16%).

In February, the largest finished steel import permit applications for offshore countries were for South Korea (397,000 NT, down 8% from January preliminary), China (170,000 NT down 11%), India (143,000 NT, up 103%), Japan (141,000 NT, down 11%) and Turkey (91,000 NT, down 55%). Through the first two months of 2014, the largest offshore suppliers were South Korea (826,000 NT, up 28% from the same period in 2013), China (360,000 NT, up 16%) and Japan (301,000 NT, up 13%).

Contact: Lisa Harrison
202.452.7115 / lharrison@steel.org

Click here for a PDF version of this release.

* 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.

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 23 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.