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 November totaled 2,850,000 net tons (NT)*. This was an 8.8% decrease from the 3,123,000 permit tons recorded in October and a 10.5% decrease from the October final imports total of 3,183,000 NT. Import permit tonnage for finished steel in November was 2,207,000, down 13.6% from the final imports total of 2,554,000 in October. For the first eleven months of 2017 (including November SIMA permits and October final data), total and finished steel imports were 35,764,000 NT and 27,718,000 NT, up 17.9% and 14.6%, respectively, from the same period in 2016. The estimated finished steel import market share in November was 25% and is 27% year-to-date (YTD).
Finished steel imports with large increases in November permits vs. the October final included standard rails (up 1698%), hot rolled bars (up 13%) and tin plate (up 12%). Products with significant year-to date (YTD) increases vs. the same period in 2016 include oil country goods (up 226%), line pipe (up 69%), standard pipe (up 41%), mechanical tubing (up 31%), hot rolled bars (up 26%), structural pipe and tubing (up 22%), sheets and strip all other metallic coatings (up 22%), cold rolled sheets (up 18%) and sheets and strip hot dipped galvanized (up 15%).
In November, the largest finished steel import permit applications for offshore countries were for South Korea (216,000 NT, down 45% from October final), Germany (171,000 NT, up 9%), Japan (110,000 NT, up 52%), The Netherlands (101,000 NT, up 105%) and Brazil (92,000 NT, down 2%). Through the first eleven months of 2017, the largest offshore suppliers were South Korea (3,563,000 NT, up 0.6%), Turkey (2,142,000 NT, down 5%) and Japan (1,417,000 NT, down 29%).
* 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 20 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).