March SIMA import permits down 3 percent
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 March total 2,541,000 net tons (NT). This was a 3 percent decrease from the 2,609,000 permit tons recorded in February but up by 4 percent from the February preliminary imports total of 2,441,000 NT. Import permit tonnage for finished steel in March was 2,012,000, up 11 percent from the preliminary imports total of 1,819,000 in February. The estimated finished steel import market share in March was 23 percent.
Large increases included reinforcing bars (up 50 percent), oil country goods (up 33 percent) and sheets and strip all other metallic coatings (up 30 percent).
In March, the largest finished steel import permit applications for offshore countries were for South Korea (293,000 NT) and Japan (170,000 NT).