Steel import permits down
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 September totaled 2,221,000 net
tons (NT). This was an 11 percent decrease from the 2,481,000
permit tons recorded in August.
Import permit tonnage for finished steel
in September was 1,659,000 NT, down 9 percent from the preliminary
imports total of 1,813,000 NT in August. Year to date (YTD) 2011
total and finished steel import permit tons would annualize at
29,236,000 NT and 22,212,000 NT, up 22 percent and 18 percent,
respectively, vs. the 23,929,000 NT and 18,857,000 NT imported
The estimated finished steel import market
share in September was 20 percent and is 22 percent YTD.