AISI Releases March SIMA Imports Data; Import Market Share 24 percent in March

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For Immediate Release
April 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 March total 2,969,000 net tons (NT)*. This was a 23% increase from the 2,414,000 permit tons recorded in February and a 30% increase from the February final imports total of 2,276,000 NT. Import permit tonnage for finished steel in March was 2,120,000, up 1% from the final imports total of 2,099,000 in February. For the first three months of 2016 (including March SIMA and February final), total and finished steel imports were 7,894,000 NT and 6,448,000 NT, respectively, each down 33% from the same period in 2015. The estimated finished steel import market share in March was 24% and is 25% year-to-date (YTD).

Finished steel imports with large increases in March permits vs. the February final included standard rails (up 387%), cut lengths plates (up 62%), sheets and strip all other metallic coatings (up 19%), heavy structural shapes (up 16%) and wire drawn (up 11%).

In March, the largest finished steel import permit applications for offshore countries were for South Korea (342,000 NT, down 9% from February final), Turkey (224,000 NT up 8%), Japan (161,000 NT, up 41%), Germany (99,000 NT, up 23%) and China (67,000 NT, down 17%). Through the first three months of 2016, the largest offshore suppliers were South Korea (960,000 NT, down 49% from the same period in 2015), Turkey (676,000 NT, down 32%) and Japan (464,000 NT, down 27%).

* 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).