AISI Releases September SIMA Imports Data, Import Market Share 28% in September

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For Immediate Release
October 1, 2014

Contact: Lisa Harrison
202.452.7115 / lharrison@steel.org

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 September total 3,879,000 net tons (NT)*. This was a 5% increase from the 3,678,000 permit tons recorded in August and a 6% increase from the August Preliminary imports total of 3,667,000 NT. Import permit tonnage for finished steel in September was 2,838,000, up 3% from the preliminary imports total of 2,768,000 in August. For the first nine months of 2014 (including September SIMA and August Preliminary), total and finished steel imports were 32,513,000 NT and 24,267,000 NT, respectively, up 36% and 29% from the same period in 2013. The estimated finished steel import market share in September was 28% and is 27% year-to-date (YTD).

Finished steel imports with large increases in September permits vs. the August Preliminary included cold rolled sheets (up 40%), wire rods (up 30%), tin plate (up 26%), cut lengths plates (up 23%) and hot rolled sheets (up 17%). Products with significant year-to-date (YTD) increases vs. the same period in 2013 include cold rolled sheets (up 83%), wire rods (up 81%), plates in coils (up 78%), cut lengths plates (up 63%), sheets and strip hot dipped galvanized (up 57%), sheets and strip all other metallic coatings (up 50%), heavy structural shapes (up 47%), hot rolled sheets (up 35%), mechanical tubing (up 31%), oil country goods (up 26%) and tin plate (up 19%).

In September, the largest finished steel import permit applications for offshore countries were for South Korea (407,000 NT, down 10% from August Preliminary), China (337,000 NT up 49%), Turkey (185,000 NT, down 12%), Russia (171,000, up 66%) and Japan (141,000 NT, down 14%). Through the first nine months of 2014, the largest offshore suppliers were South Korea (4,033,000 NT, up 45% from the same period in 2013), China (2,350,000 NT, up 71%) and Japan (1,497,000, up 1%).

* 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.

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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 21 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.