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 April totaled 3,433,000 net tons (NT)*. This was a 2.0% decrease from the 3,504,000 permit tons recorded in March and a 1.1% increase from the March preliminary imports total of 3,396,000 NT. Import permit tonnage for finished steel in April was 2,657,000, up 5.6% from the preliminary imports total of 2,517,000 in March. For the first four months of 2017 (including April SIMA permits and March preliminary data), total and finished steel imports were 12,366,000 NT and 9,584,000 NT, up 23.6% and 13.2%, respectively, from the same period in 2016. The estimated finished steel import market share in April was 28% and is 26% year-to-date (YTD).
Finished steel imports with large increases in April permits vs. the March preliminary included steel piling (up 100%), oil country goods (up 31%), sheets and strip all other metallic coatings (up 29%), mechanical tubing (up 27%), sheets and strip hot dipped galvanized (up 21%), hot rolled bars (up 19%), heavy structural shapes (up 18%) and plates in coils (up 11%). Products with significant year-to-date (YTD) increases vs. the same period in 2016 include oil country goods (up 210%), sheets and strip all other metallic coated (up 43%), cold rolled sheets (up 42%), mechanical tubing (up 32%), tin plate (up 31%), standard pipe (up 30%), sheets and strip hot dipped galvanized (up 26%), reinforcing bars (up 18%) and line pipe (up 12%).
In April, the largest finished steel import permit applications for offshore countries were for South Korea (338,000 NT, up 7% from March preliminary), Turkey (284,000 NT, down 5%), Japan (126,000 NT, down 7%), Taiwan (123,000 NT, up 36%) and Germany (117,000 NT, up 27%). Through the first four months of 2017, the largest offshore suppliers were South Korea (1,227,000 NT, down 1% from the same period in 2016), Turkey (1,085,000 NT, up 27%) and Japan (506,000 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 / email@example.com
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).