STEEL FRAMING ALLIANCE | FRAMEWORK ONLINE
March 5, 2008
 

MARKETPLACE

Steel Import Permit Applications Increase 15 Percent Over Prior Month
WASHINGTON, DC — 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 January totaled 2,474,000 net tons (NT).

This was a 15 percent increase from the 2,137,000 permit tons recorded in December 2007, and a 25 percent increase from the December preliminary imports total of 1,977,000 NT. Import permit tonnage for finished steel in January was 2,024,000 NT, an increase of 28 percent from the preliminary imports of 1,583,000 NT in December.

For January 2008, the largest volumes of finished steel import permit applications for countries outside of North America were China (254,000 NT), Korea (214,000 NT), Japan (112,000 NT), Germany (80,000 NT), India (71,000 NT) and Turkey (69,000 NT). Finished steel import permit applications for Chinese steel (254,000) were up 42 percent in January compared to the preliminary imports total for December. Product categories that experienced particular increases compared to the December preliminary imports, were: Rails Standard (up 150 percent); Heavy Structural Shapes (up 147 percent); Reinforcing Bars (up 137 percent); Sheets & Strip - All Other Metallic (up 105 percent); Oil Country Goods (up 103 percent); Line Pipe (up 34 percent); Galvanized Hot Dipped Sheets & Strip (up 31 percent).

“Even though imports are at a fairly moderate level early in 2008,” AISI President and CEO Andrew G. Sharkey, III, said, “we continue to closely monitor several product areas that show notable increases in the January SIMA data.”

AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology.

AISI is comprised of 31 member companies, including integrated and electric furnace steelmakers, and 130 associate and affiliate members who are suppliers to or customers of the steel industry. AISI's member companies represent approximately 75 percent of both U.S. and North American steel capacity. For more news about steel and its applications, view AISI’s Web site at www.steel.org.

Source: American Iron and Steel Institute, February 11, 2008

 

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