by Jonathan McGaha | 15 May 2012 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 April totaled 3,074,000 net tons (NT). This was a 5% decrease from the 3,248,000 permit tons recorded in March and a 6% increase from the March preliminary imports total of 2,899,000 NT. Import permit tonnage for finished steel in April was 2,394,000 NT, up 11% from the preliminary imports total of 2,163,000 NT in March. The 2.4 million permit tons of finished steel imports in April was the highest monthly tonnage figure in over 3 ½ years (since October 2008). April 2012 total and finished steel import permit tons would annualize at 34,529,000 NT and 26,534,000 NT, up 21% and 22%, respectively, vs. the 28,515,000 NT and 21,835,000 NT imported in 2011. The estimated finished steel import market share in April rose to 25%, which is the highest level in the last 9 months.
Finished steel import permits for products that registered large increases in April vs. the March preliminary include plates in coils (up 134%), sheets and strip all other metallic coated (up 48%), hot rolled sheets (up 43%), sheets and strip galvanized hot dipped (up 37%) and hot rolled bars (up 26%). Major products with significant year-to-date (YTD) increases vs. the same period in 2011 include plates in coils (up 66%), cut length plates (up 63%) and reinforcing bar (up 54%).
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