AISI Releases November SIMA Imports Data, Import Market Share 30 percent in November

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For Immediate Release
December 3, 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 November total 3,938,000 net tons (NT)*. This was a 12% decrease from the 4,482,000 permit tons recorded in October and a 10% decrease from the October preliminary imports total of 4,398,000 NT. Import permit tonnage for finished steel in November was 3,028,000, down 11% from the preliminary imports total of 3,396,000 in October. For the first 11 months of 2014 (including November SIMA and October preliminary), total and finished steel imports were 40,902,000 NT and 30,839,000 NT, respectively, up 38% and 34% from the same period in 2013. The estimated finished steel import market share in November was 30% and is 28% year-to-date (YTD).

Finished steel imports with large increases in November permits vs. the October preliminary included reinforcing bars (up 23%), oil country goods (up 17%) and sheets and strip all other metallic coatings (up 15%). Products with significant year-to-date (YTD) increases vs. the same period in 2013 include plates in coils (up 87%), wire rods (up 84%), cold rolled sheets (up 83%), cut lengths plates (up 78%), sheets and strip hot dipped galvanized (up 61%), %), heavy structural shapes (up 55%), hot rolled sheets (up 46%), sheets and strip all other metallic coatings (up 46%), tin plate (up 29%), mechanical tubing (up 28%), oil country goods (up 20%) and reinforcing bars (up 19%).

In November, the largest finished steel import permit applications for offshore countries were for South Korea (592,000 NT, up 8% from October preliminary), China (250,000 NT down 32%), Turkey (228,000 NT, down 30%), Japan (140,000, down 41%) and India (137,000 NT, up 107%). Through the first eleven months of 2014, the largest offshore suppliers were South Korea (5,155,000 NT, up 51% from the same period in 2013), China (2,960,000 NT, up 69%) and Turkey (2,036,000, up 76%).

* 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 20 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.