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August 2007

Steel import permit applications remain high in June

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 June 2007 totaled 3,082,000 net tons (NT), the second highest monthly amount so far this year.

This was slightly down from the 3,101,000 permit tons recorded in May 2007, a 4 percent decrease from the May preliminary imports total of 3,210,000 NT and 15 percent greater than the 2005 monthly average. Import permit tonnage for finished steel in June 2007 was 2,450,000 NT, 12 percent below the preliminary imports in May 2007.