Steel import permits down 3 percent in October, import market share at 22 percent

by Jonathan McGaha | 14 November 2011 12:00 am

Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute reported today that steel import permit applications for the month of October totaled 2,192,000 net tons. This was a 3 percent decrease from the 2,269,000 permit tons recorded in September and a 2 percent decrease from the September preliminary imports total of 2,238,000 NT. Import permit tonnage for finished steel in October was 1,819,000 NT, up 9 percent from the preliminary imports total of 1,662,000 NT in September. Year-to date 2011 total and finished steel import permit tons would annualize at 28,989,000 NT and 22,203,000 NT, up 21 percent and 18 percent, respectively, versus the 23,929,000 NT and 18,857,000 NT imported in 2010. The estimated finished steel import market share in October was 22 percent and is 22 percent YTD.

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