AISI Releases November SIMA Imports Data; Import Market Share 26 percent in November

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For Immediate Release
December 9, 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 November total 2,647,000 net tons (NT)*. This was a 24% decrease from the 3,473,000 permit tons recorded in October and a 13% decrease from the October final imports total of 3,041,000 NT. Import permit tonnage for finished steel in November was 2,098,000, down 8% from the final imports total of 2,275,000 in October. For the first eleven months of 2015 (including November SIMA and October final), total and finished steel imports were 36,590,000 NT and 29,553,000 NT, respectively, down 10% and 4% from the same period in 2014. The estimated finished steel import market share in November was 26% and is 29% year-to-date (YTD).

Finished steel imports with large increases in November permits vs. the October final included bars light shapes (up 199%), cut lengths plates (up 111%), structural pipe and tubing (up 42%) and plates in coils (up 37%). Products with significant year-to-date (YTD) increases vs. the same period in 2014 include reinforcing bar (up 41%), standard pipe (up 18%), line pipe (up 17%) and wire drawn (up 11%).

In November, the largest finished steel import permit applications for offshore countries were for South Korea (330,000 NT, down 7% from October final), Japan (213,000 NT up 56%), Turkey (201,000 NT, down 32%), China (112,000 NT, up 63%) and Germany (106,000, up 14%). Through the first eleven months of 2015, the largest offshore suppliers were South Korea (4,634,000 NT, down 8% from the same period in 2014), Turkey (2,686,000 NT, up 32%) and China (2,286,000, down 23%).

* 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 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).