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

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For Immediate Release
June 8, 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 May total 2,928,000 net tons (NT)*. This was a 16% increase from the 2,534,000 permit tons recorded in April and an 18% increase from the April final imports total of 2,484,000 NT. Import permit tonnage for finished steel in May was 2,083,000, up 2% from the final imports total of 2,040,000 in April. For the first five months of 2016 (including May SIMA and April final), total and finished steel imports were 12,936,000 NT and 10,551,000 NT, both down 31% from the same period in 2015. The estimated finished steel import market share in May was 23% and is 24% year-to-date (YTD).

Finished steel imports with large increases in May permits vs. the April final included oil country goods (up 89%), tin plate (up 71%), tin free steel (up 53%), reinforcing bars (up 48%), heavy structural shapes (up 44%) and wire rods (up 17%).

In May, the largest finished steel import permit applications for offshore countries were for South Korea (325,000 NT, down 4% from April final), Turkey (153,000 NT up 25%), Germany (128,000 NT, up 46%), Japan (128,000 NT, down 9%) and Brazil (84,000 NT, up 78%). Through the first five months of 2016, the largest offshore suppliers were South Korea (1,563,000 NT, down 43% from the same period in 2015), Turkey (1,005,000 NT, down 31%) and Japan (719,000 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

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).