AISI Releases September SIMA Imports Data; Import Market Share 25 percent in September

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For Immediate Release
October 7, 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 September total 2,891,000 net tons (NT)*. This was an8% decrease from the 3,130,000 permit tons recorded in August and a6% decrease from the August Final imports total of 3,061,000 NT. Import permit tonnage for finished steel in September was 2,226,000, down10% from the final imports total of2,478,000 in August. For the first nine months of 2015 (including September SIMA and August Final), total and finished steel imports were30,959,000 NT and 25,180,000 NT, respectively, down 5% and up 3%from the same period in 2014. The estimated finished steel import market share in September was 25% and is 30% year-to-date (YTD).

Finished steel imports with large increases in September permits vs. the August final included standard rail (up 334%), cut lengths plates (up 59%) and cold rolled sheets (up 19%). Products with significant year-to-date (YTD) increases vs. the same period in 2014 include reinforcing bar (up 48%), line pipe (up 35%), standard pipe (up 21%), tin plate (up 15%), sheets and strip hot dipped galvanized (up 13%) and wire drawn (up 11%).

In September, the largest finished steel import permit applications for offshore countries were for South Korea (306,000 NT, up 1% from August Final), Japan (188,000 NT down 13%), Germany (153,000 NT, up 80%), Turkey (148,000, down 13%) and China (127,000 NT, down 19%). Through the first nine months of 2015, the largest offshore suppliers were South Korea (3,977,000 NT, down 1% from the same period in 2014), Turkey (2,186,000 NT, up 48%) and China (2,089,000, down 11%).

* 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).