For Immediate Release
February 8, 2017
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 February totaled 2,728,000 net tons (NT)*. This was a 7.6% decrease from the 2,953,000 permit tons recorded in January and a 3.0% decrease from the January final imports total of 2,814,000 NT. Import permit tonnage for finished steel in February was 2,080,000, down 10.7% from the final imports total of 2,330,000 in January. For the first two months of 2017 (including February SIMA permits and January final data), total and finished steel imports were 5,543,000 NT and 4,409,000 NT, up 12.6% and 1.9%, respectively, from the same period in 2016. The estimated finished steel import market share in February was 25% and is 25% year-to-date (YTD).
Finished steel imports with large increases in February permits vs. the January final included line pipe (up 61%) and wire rods (up 30%). Products with significant year-to-date (YTD) increases vs. the same period in 2016 include oil country goods (up 91%), sheets and strip all other metallic coatings (up 54%), cold rolled sheets (up 45%), sheets and strip hot dipped galvanized (up 30%), mechanical tubing (up 27%), standard pipe (up 19%) and tin plate (up 12%).
In February, the largest finished steel import permit applications for offshore countries were for South Korea (292,000 NT, down 6% from January final), Turkey (172,000 NT, down 44%), Japan (103,000 NT, down 30%), Taiwan (88,000 NT, down 21%) and India (68,000 NT, up 95%). Through the first two months of 2017, the largest offshore suppliers were South Korea (604,000 NT, down 2% from the same period in 2016), Turkey (478,000 NT, up 6%) and Japan (248,000 NT, down 18%).
* 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 / firstname.lastname@example.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 18 member companies, including integrated and electric furnace steelmakers, and approximately 120 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).