Steel imports permits rise
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 July totaled 951,000
net tons (NT).
This was a 5 percent increase from the 902,000 permit
tons recorded in June 2009 and a 12 percent increase
from the June preliminary imports total of 849,000 NT.
This was the first monthly increase this year. Import
permit tonnage for finished steel in July was 851,000
NT, an increase of 7 percent from the preliminary imports
total of 798,000 NT in June. July 2009 total and finished
steel import permit tons would annualize at 16,392,000
NT and 15,249,000 NT, down 49 percent and 41 percent,
respectively, from the 31,927,000 NT and 25,956,000 NT
imported in 2008.
In July 2009, the largest finished steel import permit
applications for offshore countries were for Japan (87,000
NT, up 47 percent from June), South Korea (75,000 NT,
up 88 percent), Turkey (32,000 NT, up 1,500 percent)
and China (30,000 NT, down 32 percent). Finished steel
import market share in July is estimated at 16 percent
and at 25 percent year-to-date (YTD).
Finished steel import products that registered increases
in July vs. the June preliminary include Sheet & Strip
– All Other Metallic Coatings (up 135 percent), Plates
in Coils (up 79 percent), Bars – Light Shapes (up 78
percent), Reinforcing Bar (up 70 percent) and Hot Rolled
Bar (up 25 percent).