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 March totaled 3,413,000 net tons (NT)*. This was a 23.9% increase from the 2,755,000 permit tons recorded in February and a 25.4% increase from the February final imports total of 2,722,000 NT. Import permit tonnage for finished steel in March was 2,479,000, up 19.2% from the final imports total of 2,080,000 in February. For the first three months of 2017 (including March SIMA permits and February final data), total and finished steel imports were 8,949,000 NT and 6,889,000 NT, up 18.9% and 7.2%, respectively, from the same period in 2016. The estimated finished steel import market share in March was 26% and is 25% year-to-date (YTD).
Finished steel imports with large increases in March permits vs. the February final included heavy structural shapes (up 66%), reinforcing bar (up 55%), hot rolled sheets (up 43%), oil country goods (up 40%), wire rods (up 29%), hot rolled bars (up 28%) and wire drawn (up 22%). Products with significant year-to-date (YTD) increases vs. the same period in 2016 include oil country goods (up 151%), cold rolled sheets (up 43%), sheets and strip all other metallic coated (up 39%), standard pipe (up 27%), mechanical tubing (up 26%), sheets and strip hot dipped galvanized (up 23%), line pipe (up 17%), reinforcing bars (up 13%) and tin plate (up 13%).
In March, the largest finished steel import permit applications for offshore countries were for Turkey (301,000 NT, up 53% from February final), South Korea (296,000 NT, up 14%), Japan (149,000 NT, up 50%), Germany (85,000 NT, up 63%) and Taiwan (85,000 NT, down 18%). Through the first three months of 2017, the largest offshore suppliers were South Korea (868,000 NT, down 3% from the same period in 2016), Turkey (805,000 NT, up 10%) and Japan (394,000 NT, down 13%).
* 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
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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 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).