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 January totaled 2,927,000 net tons (NT)*. This was a 7.6% increase from the 2,719,000 permit tons recorded in December and an 8.5% increase from the December final imports total of 2,698,000 NT. Import permit tonnage for finished steel in January was 2,323,000, up 7.7% from the final imports total of 2,157,000 in December. The estimated finished steel import market share in January was 25%.
Finished steel imports with large increases in January permits vs. the December final included hot rolled strip (up 89%), standard rails (up 45%), reinforcing bars (up 43%), standard pipe (up 39%), cut lengths plates (up 33%), sheets and strip all other metallic coatings (up 29%), oil country goods (up 15%), cold rolled sheets (up 15%) and wire rods (up 11%).
In January, the largest finished steel import permit applications for offshore countries were for South Korea (326,000 NT, up 21% from December final), Turkey (271,000 NT, up 75%), Taiwan (131,000 NT, down 11%), Japan (126,000 NT, up 10%) and Vietnam (101,000 NT, up 77%).
* 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 / email@example.com
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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).