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

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For Immediate Release
September 7, 2016

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 August totaled 3,028,000 net tons (NT)*. This was an 8% decrease from the 3,294,000 permit tons recorded in July and a 7% decrease from the July final imports total of 3,266,000 NT. Import permit tonnage for finished steel in August was 2,282,000, down 8% from the final imports total of 2,471,000 in July. For the first eight months of 2016 (including August SIMA permits and July final data), total and finished steel imports were 22,001,000 NT and 17,576,000 NT, down 22% and 23%, respectively, from the same period in 2015. The estimated finished steel import market share in August was 25% and is 25% year-to-date (YTD).

Finished steel imports with large increases in August permits vs. the July final included standard rails (up 63%), wire rod (up 28%), standard pipe (up 22%), structural pipe and tubing (up 17%), mechanical tubing (up 13%) and hot rolled bars (up 11%). Tin plate (up 13%) had a significant year-to-date (YTD) increase vs. the same period in 2015.

In August, the largest finished steel import permit applications for offshore countries were for South Korea (293,000 NT, down 32% from July final), Japan (232,000 NT, up 17%), Turkey (179,000 NT, down 44%), Taiwan (130,000 NT, up 12%) and Germany (128,000 NT, up 46%). Through the first eight months of 2016, the largest offshore suppliers were South Korea (2,665,000 NT, down 27% from the same period in 2015), Turkey (1,694,000 NT, down 17%) and Japan (1,297,000 NT, down 20%).

* 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

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).