Market share of finished imports estimated at 22% in September
Washington DC – Based on the most recent data from the Commerce Department on the monitoring and analysis of steel imports (SIMA), the American Iron and Steel Institute (AISI) today reported that permit applications for Steel imports for the month of September totaled 2,865,000 net tonnes (NT) *. This is an increase of 8.8% from the 2,633,000 tonnes of permits recorded in August and 3.3% from the total final August imports of 2,773,000. import import for finished steel in September was 2,144,000, up 1.7% from the total final imports of 2,108,000 in August. For the first nine months of 2021 (including September SIMA permits and August final imports), total and finished steel imports were 23,434,000 NT and 16,358,000 NT, up from 32.8 % and 32.3%, respectively, compared to the same period in 2020. Finished steel estimated import market share in September was 22% and 20% year-to-date (YTD).
Imports of finished steel with large increases in permits in September compared to final imports in August include line pipe (up 107%), petroleum products (up 94%), rods reinforcement (up 73%), tin-free steel (up 59%), cut sheets (+ 34%), wire rod (+ 21%) and standard tube (+ 17%). Products with significant increases since the start of the year (YTD) compared to the same period in 2020 include hot-rolled sheet (up 93%), sheet in coils (up 72%), light bars (up 65%), wire rods (up 54%), sheets and strips, all other metal coatings (+ 54%), cut sheets (+ 51%), petroleum products (+ 36 %), heavy sections (+ 29%), hot-rolled bars (+ 25%), drawn wire (+ 24%), cold-rolled sheets (+ 24%), hot-dip galvanized sheets and strips (+ 20%) , reinforcing bars (+ 14%) and tinplate (+ 12%).
In September, the largest finished steel import permit applications for offshore countries concerned South Korea (277,000 NT, up 67% from August), Turkey (113,000 NT, in increase of 57%), Vietnam (109,000 NT, up 50%), Taiwan (97,000 NT, down 7%) and Germany (96,000 NT, up 20%). In the first nine months of 2021, the main offshore suppliers were South Korea (2,073,000 NT, up 37% from the same period last year), Japan (741,000 NT, up 26%) and Turkey (669,000 NT, up 57%).
*Please note that import permit data are tonnage counts requested in steel plant import permit applications and are not actual import volumes. For a number of reasons, permit tonnages may underestimate or overestimate the actual import volumes for the month, preliminary estimates of which will be available later this month.
Contact: Lisa Harrison
202.452.7115 / [email protected]
AISI is the voice of the US steel industry in the public policy arena and champions the cause of steel in the marketplace as a material of choice. AISI members are integrated steelmakers and electric arc furnaces, and associate members who are suppliers or customers to the steel industry. For more information on steel and its applications, see the AISI website at www.acier.org. Follow AISI on Facebook, LinkedIn, Twitter (@AISISteel) or Instagram.