import permits down 11 percent for November 2010
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 1,672,000 net
This was an 11 percent decrease from the 1,870,000 permit tons
recorded in October and a 7 percent decrease from the October
preliminary imports total of 1,791,000 NT. Import permit tonnage
for finished steel in November was 1,442,000 NT, down 3 percent
from the preliminary imports total of 1,489,000 NT in October.
November total and finished steel import permit tons would annualize
at 23,832,000 NT and 18,763,000 NT, up 47 percent and 32 percent,
respectively, from the 16,215,000 NT and 14,179,000 NT imported
In November, the largest finished steel import permit applications
for offshore countries were for Korea (182,000 NT, down 1 percent
from October), The Netherlands (88,000 NT, up 122 percent), Japan
(87,000 NT, down 16 percent), China (67,000 NT, up 29 percent)
and Germany (66,000 NT, down 16 percent). Finished steel import
market shares in November and year-to-date are 19 percent and
21 percent, respectively.
Finished steel import permits for major products that registered
significant increases in November vs. the October preliminary
include hot rolled sheets (up 23 percent), plates in coils (up
16 percent) and tin plate (up 15 percent).