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

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For Immediate Release
July 6, 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 July totaled 3,198,000 net tons (NT)*. This was a 7% increase from the 2,978,000 permit tons recorded in June and a 22% increase from the June preliminary imports total of 2,630,000 NT. Import permit tonnage for finished steel in July was 2,439,000 NT, up 10% from the preliminary imports total of 2,218,000 NT in June. For the first seven months of 2016 (including July SIMA permits and June preliminary data), total and finished steel imports were 18,713,000 NT and 15,211,000 NT, down 25% and 26%, respectively, from the same period in 2015. The estimated finished steel import market share in July was 27% and is 25% year-to-date (YTD).

Finished steel imports with large increases in July permits vs. the June preliminary included standard rails (up 54%), reinforcing bars (up 45%), plates in coils (up 41%), oil country goods (up 41%), tin free steel (up 40%), hot rolled sheets (up 36%), cut lengths plates (up 21%), cold rolled sheets (up 19%) and hot rolled bars (up 12%).

In July, the largest finished steel import permit applications for offshore countries were for South Korea (424,000 NT, up 27% from June preliminary), Turkey (296,000 NT up 51%), Japan (194,000 NT, up 33%), Taiwan (140,000 NT, up 50%) and The Netherlands (88,000 NT, up 48%). Through the first seven months of 2016, the largest offshore suppliers were South Korea (2,347,000 NT, down 30% from the same period in 2015), Turkey (1,491,000 NT, down 20%) and Japan (1,049,000 NT, down 26%).

* 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).