Steel (October 2009)
Posted
10/1/2009
Steel import permit applications for the month of August totaled 952,000 tons (856,800 metric tons). This was a 3 percent decrease from the 978,000 permit tons (880,200 metric tons) recorded in July. Import permit tonnage for finished steel in August was 801,000 tons (720,900 metric tons), a decrease of 9 percent from the preliminary imports total of 884,000tons (795,600 metric tons) in July. The finished import permits for August are lower than any prior 2009 finished import monthly totals. August total and finished steel import permit tons would annualize at 15,841,000 tons (14,256,900 metric tons) and 14,613,000tons (13,151,700 metric tons), down 50 percent and 44 percent, respectively, from the 31,927,000 tons (28,734,300 metric tons) and25,956,000 tons (23,360,400 metric tons) imported in 2008.