AISI Releases February SIMA Imports Data; Import Market Share 23 percent in February

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For Immediate Release
March 2, 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 February total 2,283,000 net tons (NT)*. This was a 20% decrease from the 2,841,000 permit tons recorded in January and an 11% decrease from the January preliminary imports total of 2,577,000 NT. Import permit tonnage for finished steel in February was 1,854,000, down 16% from the preliminary imports total of 2,217,000 in January. For the first two months of 2016 (including February SIMA and January preliminary), total and finished steel imports were 4,860,000 NT and 4,070,000 NT, respectively, down 40% and 37% from the same period in 2015. The estimated finished steel import market share in February was 23% and is 25% year-to-date (YTD).

Finished steel imports with large increases in February permits vs. the January preliminary included oil country goods (up 16%).

In February, the largest finished steel import permit applications for offshore countries were for South Korea (350,000 NT, up 46% from January preliminary), Turkey (159,000 NT down 35%), Japan (97,000 NT, down 48%), Vietnam (78,000, up 31%) and China (78,000 NT, down 14%). Through the first two months of 2016, the largest offshore suppliers were South Korea (591,000 NT, down 55% from the same period in 2015), Turkey (403,000 NT, down 31%) and Japan (285,000, down 37%).

* 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).