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AISI Releases June SIMA Imports Data; Import Market Share 27% in June
07/10/2015 - 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 total 3,065,000 net tons (NT).
This was a 13% decrease from the 3,522,000 permit tons recorded in May and a 10% decrease from the May final imports total of 3,398,000 NT. Import permit tonnage for finished steel in June was 2,376,000, down 14% from the final imports total of 2,751,000 in May. For the first six months of 2015 (including June SIMA and May final), total and finished steel imports were 21,685,000 NT and 17,751,000 NT, respectively, up 3% and 14% from the same period in 2014. The estimated finished steel import market share in June was 27% and is 32% year-to-date (YTD).
Finished steel imports with large increases in June permits vs. the May final included wire rods (up 16%) and plates in coils (up 14%). Products with significant year-to-date (YTD) increases vs. the same period in 2014 include line pipe (up 62%), reinforcing bars (up 41%), standard pipe (up 38%), plates in coils (up 30%), tin plate (up 23%), heavy structural shapes (up 23%), sheets and strip galvanized hot dipped (up 21%), cut lengths plates (up 20%) and cold rolled sheets (up 15%).
In June, the largest finished steel import permit applications for offshore countries were for South Korea (302,000 NT, down 15% from May final), Japan (201,000 NT up 8%), Turkey (182,000 NT, down 19%), China (178,000, down 41%) and Germany (152,000 NT, up 16%). Through the first six months of 2015, the largest offshore suppliers were South Korea (3,047,000 NT, up 17% from the same period in 2014), Turkey (1,629,000 NT, up 69%) and China (1,507,000, down 1%).
AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 19 member companies, including integrated and electric furnace steelmakers, and approximately 125 associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view AISI's website at www.steel.org.
Finished steel imports with large increases in June permits vs. the May final included wire rods (up 16%) and plates in coils (up 14%). Products with significant year-to-date (YTD) increases vs. the same period in 2014 include line pipe (up 62%), reinforcing bars (up 41%), standard pipe (up 38%), plates in coils (up 30%), tin plate (up 23%), heavy structural shapes (up 23%), sheets and strip galvanized hot dipped (up 21%), cut lengths plates (up 20%) and cold rolled sheets (up 15%).
In June, the largest finished steel import permit applications for offshore countries were for South Korea (302,000 NT, down 15% from May final), Japan (201,000 NT up 8%), Turkey (182,000 NT, down 19%), China (178,000, down 41%) and Germany (152,000 NT, up 16%). Through the first six months of 2015, the largest offshore suppliers were South Korea (3,047,000 NT, up 17% from the same period in 2014), Turkey (1,629,000 NT, up 69%) and China (1,507,000, down 1%).
AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 19 member companies, including integrated and electric furnace steelmakers, and approximately 125 associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view AISI's website at www.steel.org.
