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

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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 June total 2,907,000 net tons (NT)*. This was a 1% decrease from the 2,946,000 permit tons recorded in May and a 4% increase from the May preliminary imports total of 2,786,000 NT. Import permit tonnage for finished steel in June was 2,255,000, up 9% from the preliminary imports total of 2,077,000 in May. For the first six months of 2016 (including June SIMA and May preliminary), total and finished steel imports were 15,702,000 NT and 12,799,000 NT, both down 28% from the same period in 2015. The estimated finished steel import market share in June was 25% and is 25% year-to-date (YTD).

Finished steel imports with large increases in June permits vs. the May preliminary included standard rails (up 200%), black plate (up 112%), plates in coils (up 50%), reinforcing bars (up 43%), sheets and strip all other metallic coatings (up 37%), line pipe (up 35%), cold rolled sheets (up 17%) and hot rolled bars (up 15%).

In June, the largest finished steel import permit applications for offshore countries were for South Korea (382,000 NT, up 9% from May preliminary), Turkey (216,000 NT up 47%), Japan (145,000 NT, up 23%), Germany (120,000 NT, down 4%) and Taiwan (98,000 NT, up 33%). Through the first six months of 2016, the largest offshore suppliers were South Korea (1,971,000 NT, down 36% from the same period in 2015), Turkey (1,215,000 NT, down 25%) and Japan (854,000 NT, down 31%).

* 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).