Steel import permit applications decline
Based on the Commerce Department’s
most recent Steel Import Monitoring
and Analysis (SIMA) data, the American
Iron and Steel Institute (AISI) reported
that steel import permit applications
for the month of November totaled
2,277,000 net tons (NT). This was
a 23 percent decrease from the 2,967,000
permit tons recorded in October 2008,
as well as from the October preliminary
imports total of 2,964,000 NT.
Import permit tonnage for finished
steel in November was 2,123,000 NT,
a decrease of 9 percent from the
preliminary imports total of 2,344,000
NT in October. For the first 11 months
of 2008 (including November and October
preliminary), total steel imports
were 29,576,000 NT, down 5 percent
from 31,240,000 NT imported in the
first 11 months of last year.
For November 2008, the largest finished
steel import permit applications
for offshore countries were for China
(555,000 NT), South Korea (236,000
NT), and Turkey (154,000 NT).
Mainly because of highest 2008 monthly
amounts of import permits for Pipe
and Tubular Products from China,
Chinese permit tons were the third
highest monthly amount for 2008.
Permit tonnage for Chinese steel
decreased 22 percent in November
vs. October preliminary imports,
and represented 26 percent of total
finished SIMA permit tons.
Major import products that registered
large increases in November vs. the
October preliminary include Cut Length
Plates (up 41 percent), Plates in
Coils (up 27 percent) and Oil Country
Goods (up 13 percent). Import product
categories with significant increases
year-to-date vs. 2007 include Oil
Country Goods (up 89 percent) and
Hot Rolled Bars (up 10 percent).
“With the sharp decline in global
steel demand this quarter, it is
of great concern that China is sending
record levels of finished steel imports
into the United States,” Thomas J.
Gibson, AISI president and CEO, said.
“The startling jump in pipe and tube
imports, at 450,000 tons, is a red
flag for our government to strictly
enforce United States laws against
dumped and subsidized imports.”