AISI Releases June SIMA Imports Data, Import Market Share 28 Percent in June

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For Immediate Release
July 2, 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 June total 3,436,000 net tons (NT)*. This was a 16% decrease from the 4,106,000 permit tons recorded in May and a 14% decrease from the May preliminary imports total of 4,016,000 NT. Import permit tonnage for finished steel in June was 2,764,000, down 6% from the preliminary imports total of 2,925,000 in May. For the first six months of 2014 (including June SIMA and May preliminary), total and finished steel imports were 20,915,000 NT and 15,593,000 NT, respectively, up 33% and 26% from the same period in 2013. The estimated finished steel import market share in June was 28% and is 27% year-to-date (YTD).

Finished steel imports with large increases in June permits vs. the May preliminary included cut lengths plates (up 26%), cold rolled sheets (up 20%), tin plate (up 12%) and hot rolled sheets (up 11%). Products with significant year-to-date (YTD) increases vs. the same period in 2013 include wire rods (up 103%), plates in coils (up 67%), cold rolled sheets (up 66%), sheets and strip hot dipped galvanized (up 50%), sheets and strip all other metallic coatings (up 49%), hot rolled sheets (up 43%), cut lengths plates (up 37%), mechanical tubing (up 35%), oil country goods (up 30%), heavy structural shapes (up 25%), structural pipe and tubing (up 21%) and reinforcing bar (up 16%). 

In June, the largest finished steel import permit applications for offshore countries were for South Korea (498,000 NT, down 15% from May preliminary), Turkey (246,000 NT, up 66%), China (234,000 NT, down 23%), Japan (151,000 NT, up 4%), and Russia (103,000 NT, down 0.3%). Through the first six months of 2014, the largest offshore suppliers were South Korea (2,650,000 NT, up 51% from the same period in 2013), China (1,520,000 NT, up 69%), and Turkey (1,007,000 NT, up 36%).

*  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 Web site at www.steel.org.