Steel import permits down

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 1,984,000 net tons (NT). This was a 14 percent decrease from the 2,309,000 permit tons recorded in October and a 9 percent decrease from the October preliminary imports total of 2,192,000 NT.

Import permit tonnage for finished steel in November was 1,611,000 NT, down 8 percent from the preliminary imports total of 1,754,000 NT in October. Year-to-date 2011 total and finished steel import permit tons would annualize at 28,545,000 NT and 21,899,000 NT, up 19 percent and 16 percent, respectively, versus the 23,929,000 NT and 18,857,000 NT imported in 2010.

In November, the largest finished steel import permit applications for offshore countries were for Korea (198,000 NT, down 7 percent from October), The Netherlands (113,000 NT, up 106 percent), Japan (95,000 NT, down 16 percent) and China (86,000 NT, down 17 percent).