AISI Releases July SIMA Imports Data; Import Market Share 27 percent in July

AISI Logo Hypocycloid





For Immediate Release
August 5, 2015

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 July total 3,241,000 net tons (NT)*. This was a 4% increase from the 3,112,000 permit tons recorded in June and a 6% increase from the June preliminary imports total of 3,049,000 NT. Import permit tonnage for finished steel in July was 2,538,000, up 3% from the preliminary imports total of 2,458,000 in June. For the first seven months of 2015 (including July SIMA and June preliminary), total and finished steel imports were 24,911,000 NT and 20,370,000 NT, respectively, down 0.2% and up 9% from the same period in 2014. The estimated finished steel import market share in July was 27% and is 31% year-to-date (YTD).

Finished steel imports with large increases in July permits vs. the June preliminary included standard rails (up 345%), reinforcing bars (up 137%), cold rolled sheets (up 18%), heavy structural shapes (up 15%) and hot dipped galvanized sheets and strip (up 13%). Products with significant YTD increases vs. the same period in 2014 include line pipe (up 55%), reinforcing bars (up 53%), standard pipe (up 32%), sheets and strip galvanized hot dipped (up 20%), tin plate (up 15%), plates in coils (up 14%), heavy structural shapes (up 13%), cold rolled sheets (up 13%) and cut lengths plates (up 12%).

In July, the largest finished steel import permit applications for offshore countries were for South Korea (298,000 NT, down 1% from June preliminary), Turkey (269,000 NT up 48%), China (262,000 NT, up 48%), Japan (149,000, down 26%) and Germany (149,000 NT, down 2%). Through the first seven months of 2015, the largest offshore suppliers were South Korea (3,345,000 NT, up 6% from the same period in 2014), Turkey (1,898,000 NT, up 73%) and China (1,770,000, down 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.

Contact: Lisa Harrison
202.452.7115 / lharrison@steel.org

Click here for a PDF version of this release.

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 19 member companies, including integrated and electric furnace steelmakers, and approximately 125 associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view AISI's website at www.steel.org. Follow AISI on Facebook or Twitter (@AISISteel).