Steel import permit applications decline 10 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 the month of September 2007 totaled 2,329,000 net tons (NT).
This was a 10 percent decrease from the 2,584,000 permit tons recorded in August 2007, a 9 percent decrease from the August preliminary imports total of 2,558,000 NT and 13 percent lower than the 2005 monthly average (2006 was an all-time record year for imports).
Import permit tonnage for finished steel in September 2007 was 1,934,000 NT, 5 percent below the preliminary imports of 2,034,000 NT in August.
Year-to-date finished steel imports in 2007 remain 10 percent higher than the same period in 2005.