AISI Releases January SIMA Imports Data, Import Market Share 26 Percent in January

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For Immediate Release
February 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 January total 3,080,000 net tons (NT)*. This was a 19% increase from the 2,582,000 permit tons recorded in December and 23% increase from the December preliminary imports total of 2,502,000 NT. Import permit tonnage for finished steel in January was 2,414,000, up 28% from the preliminary imports total of 1,884,000 in December. The estimated finished steel import market share in January was 26%.

Finished steel imports with large increases in January permits vs. the December preliminary included reinforcing bars (up 165%), wire rods (up 151%), sheets and strip all other metallic coatings (up 115%), plates in coils (up 57%), oil country goods (up 36%), sheet and strip galvanized hot dipped (up 30%) and hot rolled sheets (up 28%).

In January, the largest finished steel import permit applications for offshore countries were for South Korea (387,000 NT, up 29% from December preliminary), China (199,000 NT up 39%), Japan (179,000 NT, up 22%), Turkey (172,000 NT, up 280%) and The Netherlands (99,000 NT, up 63%).

*  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 24 member companies, including integrated and electric furnace steelmakers, and nearly 125 associate members who are suppliers to or customers of the steel industry. AISI's member companies represent approximately 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.