Based on the latest Department of Commerce 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 January totaled 2,126,000 net tons (NT)*.
Estimated market share of finished steel imports in January at 16%.
This was a decrease of 0.1% from the 2,128,000 tons approved in December and an increase of 42.4% from December’s preliminary imports of 1,494,000. Finished steel import permit tonnage in January was 1,202,000, a decrease of 10.3% from December’s preliminary imports of 1,340,000. The estimated market share of finished steel imports was 16% in January 2021.
Imports of structural steel shapes increase by 105%.
Finished steel imports, which rose sharply in January compared with December’s preliminary imports, include heavy structural steel shapes (up 105%), reinforcing steel (up 82%), light structural steel shapes (up 23%), and structural tubes and hoses (up 15%).
Finished steel imports from Turkey rise 451%
The largest applications for finished steel imports from offshore countries in January were for South Korea (125,000 NT, down 48%), Turkey (75,000 NT, up 451%), Japan (52,000 NT, down 11%), Brazil (40,000 NT, down 18%), and Taiwan (30,000 NT, down 23%).
*Note that import license data are counts of tonnages requested in applications for licenses to import steel mill products, not actual import quantities. For a number of reasons, authorized tonnages may understate or overstate actual import volumes for the month, preliminary estimates of which will be available later in the month.
Source: AISI, steel.org
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