AISI Releases October SIMA Imports Data; Import Market Share 26 percent in October

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For Immediate Release
November 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 October totaled 2,774,000 net tons (NT)*. This was a 4.7% decrease from the 2,912,000 permit tons recorded in September and a 1.1% increase from the September preliminary imports total of 2,745,000 NT. Import permit tonnage for finished steel in October was 2,203,000, up 4.5% from the preliminary imports total of 2,108,000 in September. For the first ten months of 2016 (including October SIMA permits and September preliminary data), total and finished steel imports were 27,548,000 NT and 21,978,000 NT, down 18.8% and 19.9%, respectively, from the same period in 2015. The estimated finished steel import market share in October was 26% and is 25% year-to-date (YTD).

Finished steel imports with large increases in October permits vs. the September preliminary included tin free steel (up 85%), oil country goods (up 67%), heavy structural shapes (up 32%), line pipe (up 31%), hot dipped galvanized sheet and strip (up 19%), hot rolled bars (up 18%) and cold rolled sheets (up 12%). Tin plate (up 13%) had a significant year-to-date (YTD) increase vs. the same period in 2015.

In October, the largest finished steel import permit applications for offshore countries were for South Korea (251,000 NT, down 11% from September preliminary), Turkey (234,000 NT, up 48%), Japan (144,000 NT, down 3%), Vietnam (121,000 NT, up 23%) and The Netherlands (100,000 NT, up 36%). Through the first ten months of 2016, the largest offshore suppliers were South Korea (3,243,000 NT, down 25% from the same period in 2015), Turkey (2,087,000 NT, down 16%) and Japan (1,572,000 NT, down 19%).

* 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).