permits for finished steel up 11 percent in January
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 2,011,000 net tons
This is the first time the applications have
broken the two million ton mark since last September. This was
an 8.6 percent increase from the 1,852,000 permit tons recorded
in December and an 11 percent increase from December preliminary
imports total of 1,811,000 NT.
Import permit tonnage for finished steel
in January was 1,602,000 NT, up 11 percent from the preliminary
imports total of 1,445,000 NT in December. January 2011 total
and finished steel import permit tons would annualize at 24,128,000
NT and 19,226,000 NT, up 1 percent and 2 percent, respectively,
from the 23,868,000 NT and 18,787,000 NT imported in 2010.