Steel import permits decline seven percent in
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 February totaled 1,530,000 net
tons (NT). This was a 7 percent decrease from the 1,644,000 permit
tons recorded in January and a 6 percent decrease from the January
preliminary imports total of 1,634,000 NT.
Import permit tonnage for finished steel in February was 1,194,000
NT, which was a decrease of 5 percent from the preliminary imports
total of 1,257,000 NT in January.
In February, the largest finished steel import permit applications
for offshore countries were for Japan (113,000 NT, up 45 percent
from January), Korea (89,000 NT, down 41 percent), Germany (55,000
NT, up 47 percent), India (53,000 NT, up 184 percent) and Australia
(48,000 NT, up 74 percent). Finished steel import market share
in February is estimated at 18 percent.
Finished steel import permits for major product categories that
registered significant increases in February vs. the January
preliminary include reinforcing bar (up 108 percent), wire rod
(up 39 percent), and cut-length plate (up 38 percent).