Hot off the Press


 

SHARE:  

Steel Import Permits Increase 26 Percent--
Highest Total Since March

Wednesday, October 14, 2009
 
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute (AISI) reports that steel-import permit applications for the month of September totaled 1.25 million net tons (NT). This represents a 26-percent increase from the 997,000 permit tons recorded in August 2009 and a 47-percent increase from the August preliminary imports total of 855,000 NT. Import permit tonnage for finished steel in September was 1.02 million NT, an increase of 30 percent from the preliminary imports total of 786,000 NT in August. In September 2009, the largest finished-steel import permit applications for offshore countries were for Korea (64,000 NT, down 24 percent from August), The Netherlands (51,000 NT, up 89 percent), Japan (45,000 NT, up 63 percent) and China (44,000 NT, up 45 percent). Finished-steel import market share in September is estimated at 16 percent and at 23 percent year-to-date. Finished-steel import permits for products that registered increases in September compared to August preliminary include cut-to-length plates (79 percent), hot-dipped galvanized sheets (49 percent) and hot-rolled sheets (34 percent).

 

Visit Our Sponsors