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 May totaled 3,598,000 net tons (NT)*. This was a 2.2% increase from the 3,519,000 permit tons recorded in April and a 7.4% increase from the April final imports total of 3,351,000 NT. Import permit tonnage for finished steel in May was 2,593,000, up 2.6% from the final imports total of 2,528,000 in April. For the first five months of 2017 (including May SIMA permits and April final data), total and finished steel imports were 15,904,000 NT and 12,069,000 NT, up 23.4% and 14.3%, respectively, from the same period in 2016. The estimated finished steel import market share in May was 27% and is 26% year-to-date (YTD).
Finished steel imports with large increases in May permits vs. the April final included standard rail (up 119%), reinforcing bars (up 67%), cut lengths plates (up 40%), plates in coils (up 30%), wire rods (up 28%), tin plate (up 25%), standard pipe (up 16%) and line pipe (up 12%). Products with significant year-to-date (YTD) increases vs. the same period in 2016 include oil country goods (up 233%), cold rolled sheets (up 37%), sheets and strip all other metallic coatings (up 36%), standard pipe (up 33%), mechanical tubing (up 29%), sheets and strip hot dipped galvanized (up 25%), hot rolled bars (up 21%), line pipe (up 21%), tin plate (up 19%) and wire rods (up 13%).
In May, the largest finished steel import permit applications for offshore countries were for South Korea (308,000 NT, down 4% from April final), Turkey (190,000 NT, up 2%), Germany (149,000 NT, up 33%), Japan (146,000 NT, up 2%) and Taiwan (93,000 NT, down 22%). Through the first five months of 2017, the largest offshore suppliers were South Korea (1,518,000 NT, down 5% from the same period in 2016), Turkey (1,178,000 NT, up 18%) and Japan (668,000 NT, down 6%).
* 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).