import permits increase 15 percent
Based on the Commerce Department’s most recent
Steel Import Monitoring and Analysis data, the American Iron
and Steel Institute (AISI) reported that steel import permit
applications for July totaled 2,323,000 net tons (NT).
This was a 15 percent increase from the 2,023,000 permit tons
recorded in June and a 17 percent increase from the June preliminary
imports total of 1,981,000 NT. Import permit tonnage for finished
steel in July was 1,753,000 NT, up 14 percent from the preliminary
imports total in June.
In July, the largest finished steel import permit applications
for offshore countries were for Korea (198,000 NT, up 30 percent
from June), India (146,000 NT, up 182 percent), Japan (127,000
NT, up 79 percent) and China (96,000 NT, up 22 percent). Finished
steel import market share in July is at 21 percent.
Finished steel import permits for major product categories that
registered significant increases in July include standard rails
(up 816 percent), line pipe (up 62 percent) and plates in coils
(up 46 percent).