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 January totaled 2,914,000 net tons (NT)*. This was a 17.7% increase from the 2,475,000 permit tons recorded in December and an 18.9% increase from the December final imports total of 2,450,000 NT. Import permit tonnage for finished steel in January was 2,306,000, up 22.6% from the final imports total of 1,880,000 in December. The estimated finished steel import market share in January was 26%.
Finished steel imports with large increases in January permits vs. the December final included sheets and strip all other metallic coatings (up 134%), reinforcing bars (up 133%), oil country goods (up 73%), line pipe (up 56%), hot rolled sheets (up 24%), hot rolled bars (up 17%), standard pipe (up 15%) and plates in coils (up 10%).
In January, the largest finished steel import permit applications for offshore countries were for South Korea (362,000 NT, up 89% from December final), Turkey (170,000 NT, up 192%), Japan (135,000 NT, up 65%), Taiwan (125,000 NT, up 208%) and Germany (89,000 NT, down 15%).
* 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).