MARCH 2008

Steel import permit applications up

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 January totaled 2,474,000 net tons (NT). This was a 15 percent increase from the 2,137,000 permit tons recorded in December 2007, and a 25 percent increase from the December preliminary imports total of 1,977,000 NT.

For January 2008, the largest volumes of finished steel import permit applications for countries outside of North America were China (254,000 NT), Korea (214,000 NT), Japan (112,000 NT) and Germany (80,000 NT). Finished steel import permit applications for Chinese steel (254,000) were up 42 percent in January.

Product categories that experienced particular increases compared to the December preliminary imports, were: Rails Standard (up 150 percent); Heavy Structural Shapes (up 147 percent); Reinforcing Bars (up 137 percent); Sheets & Strip - All Other Metallic (up 105 percent); Oil Country Goods (up 103 percent); Line Pipe (up 34 percent); Galvanized Hot Dipped Sheets & Strip (up 31 percent).