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 July totaled 3,574,000 net tons (NT)*. This was a 31.0% increase from the 2,728,000 permit tons recorded in June and a 75.1% increase from the June final imports total of 2,041,000. Import permit tonnage for finished steel in July was 1,882,000, up 8.9% from the final imports total of 1,728,000 in June. For the first seven months of 2019 (including July SIMA permits and June final imports), total and finished steel imports were 19,213,000 NT and 13,575,000 NT, down 8.0% and 16.2%, respectively, from the same period in 2018. The estimated finished steel import market share in July was 19% and is 21% year-to-date (YTD).
Finished steel imports with large increases in July permits vs. June final imports included cut lengths plate (up 56%), line pipe (up 33%), plates in coils (up 28%), hot rolled bars (up 25%), sheets and strip hot dipped galvanized (up 22%), hot rolled sheets (up 18%), mechanical tubing (15%), heavy structural shapes (up 14%), wire rods (up 14%), and standard pipe (up 13%). Products with significant year-to date (YTD) increases vs. the same period in 2018 include black plate (up 64%), steel piling (up 43%) and tin free steel (up 19%).
In July, the largest finished steel import permit applications for offshore countries were for South Korea (202,000 NT, up 24% from June final), Japan (96,000 NT, down 15%), Taiwan (81,000 NT, down 6%), Germany (78,000 NT, down 22%) and Brazil (75,000 NT, up 391%). Through the first seven months of 2019, the largest offshore suppliers were South Korea (1,652,000 NT, down 15% from the same period last year), Japan (819,000 NT, down 6%) and Germany (694,000 NT, down 8%).
*Note that import permits data are counts of tonnages requested in applications for licenses to import steel mill products and are not actual import volumes. For a number of reasons, permit tonnages may understate or overstate actual import volumes for the month, preliminary estimates of which will be available later this month.
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 18 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).