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

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For Immediate Release
October 5, 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 September totaled 2,846,000 net tons (NT)*. This was a 7% decrease from the 3,066,000 permit tons recorded in August and a 5% decrease from the August preliminary imports total of 2,989,000 NT. Import permit tonnage for finished steel in September was 2,090,000, down 9% from the preliminary imports total of 2,307,000 in August. For the first nine months of 2016 (including September SIMA permits and August preliminary data), total and finished steel imports were 24,808,000 NT and 19,691,000 NT, down 20% and 22%, respectively, from the same period in 2015. The estimated finished steel import market share in September was 25% and is 25% year-to-date (YTD).

Finished steel imports with large increases in September permits vs. the August preliminary included sheets and strip galvanized electrolytic (up 82%), oil country goods (up 20%) and sheets and strip all other metallic coatings (up 15%). Reinforcing bars (up 12%) had a significant year-to-date (YTD) increase vs. the same period in 2015.

In September, the largest finished steel import permit applications for offshore countries were for South Korea (288,000 NT, down 14% from August preliminary), Japan (161,000 NT, down 9%), Turkey (159,000 NT, down 12%), Germany (113,000 NT, down 12%) and Vietnam (109,000 NT, up 2%). Through the first nine months of 2016, the largest offshore suppliers were South Korea (2,994,000 NT, down 18% from the same period in 2015), Turkey (1,853,000 NT, down 9%) and Japan (1,403,000 NT, down 14%).

* 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).