Finished steel import permits up 15% in June

Tina Grady Barbaccia

July 6, 2011

Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported on July 6 that steel import permit applications Steel Import Monitoring and Analysis (SIMA) data for the month of June totaled 2,734,000 net tons (NT).  This was a 3% decrease from the 2,807,000 permit tons recorded in May and a 2% increase from the May preliminary imports total of 2,692,000 NT.   

Import permit tonnage for finished steel in June was 2,109,000 NT, up 15% from the preliminary imports total of 1,838,000 NT in May.     

Year-to date (YTD) 2011 total and finished steel import permit tons would annualize at 28,803,000 NT and 21,767,000 NT, up 20% and 15%, respectively, vs. the 23,929,000 NT and 18,857,000 NT imported in 2010. 

The estimated finished steel import market share in June was 23%, and the year-to-date share increased to 22%.

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