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 August totaled 3,572,000 net tons (NT)*. This was a 0.7% increase from the 3,549,000 permit tons recorded in July and a 2.9% increase from the July preliminary imports total of 3,472,000 NT. Import permit tonnage for finished steel in August was 2,646,000, down 7.7% from the preliminary imports total of 2,868,000 in July. For the first eight months of 2017 (including August SIMA permits and July preliminary data), total and finished steel imports were 26,740,000 NT and 20,584,000 NT, up 21.4% and 16.5%, respectively, from the same period in 2016. The estimated finished steel import market share in August was 27% and is 28% year-to-date (YTD).
Finished steel imports with large increases in August permits vs. the July preliminary included structural pipe and tube (up 54%), tin plate (up 25%) and wire drawn (up 18%). Products with significant year-to date (YTD) increases vs. the same period in 2016 include oil country goods (up 257%), standard pipe (up 47%), line pipe (up 45%), sheets and strip all other metallic coatings (up 34%), mechanical tubing (up 33%), cold rolled sheets (up 31%), sheets and strip hot dipped galvanized (up 25%) and hot rolled bars (up 23%).
In August, the largest finished steel import permit applications for offshore countries were for South Korea (418,000 NT, up 24% from July preliminary), Germany (141,000 NT, down 5%), Turkey (132,000 NT, down 48%), Taiwan (115,000 NT, down 4%) and Japan (107,000 NT, down 22%). Through the first eight months of 2017, the largest offshore suppliers were South Korea (2,683,000 NT, down 1% from the same period in 2016), Turkey (1,855,000 NT, up 9%) and Japan (1,044,000 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
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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).