by Jonathan McGaha | 9 January 2013 12:00 am
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of December totaled 2,358,000 net tons (NT). This was a 10 percent decrease from the 2,615,000 permit tons recorded in November and down 11 percent from the November preliminary imports total of 2,659,000 NT. Import permit tonnage for finished steel in December was 1,629,000 NT, down 18 percent from the preliminary imports total of 1,988,000 NT in November. December 2012 total and finished steel import permit tons would annualize at 33,310,000 NT and 25,620,000 NT, up 17 percent each, respectively, vs. the 28,515,000 NT and 21,835,000 NT imported in 2011. The estimated finished steel import market share in December was 22 percent , and it is 24 percent for full year 2012.
Finished steel imports with large increases in December permits vs. the November preliminary include mechanical tubing (up 27 percent ) and hot rolled sheets (up 16 percent ). Major products with significant full year increases vs. 2011 include reinforcing bars (up 48 percent ), line pipe (up 39 percent ), sheets and strip galvanized hot dipped (up 36 percent ), oil country goods (up 23 percent ), sheets and strip all other metallic coatings (up 22 percent ) and cut lengths plates (up 18 percent
).
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