Market share of finished imports estimated at 21% in June
Washington DC – Based on the most recent Steel Import Monitoring and Analysis (SIMA) data from the Department of Commerce, the American Iron and Steel Institute (AISI) today reported that permit applications for Steel imports for the month of June totaled 2,965,000 net tons (NT) *. This is an increase of 12.4% from the 2,637,000 tonnes of permits recorded in May and 17.5% over the total final May imports of 2,523,000. Import for finished steel in June was 1,982,000, up 6.8% from total final imports of 1,856,000 in May. For the first six months of 2021 (including June SIMA permits and May final imports), total and finished steel imports were 14,756,000 NT and 9,959,000 NT, up 19.0% and 15.2%, respectively, compared to the same period in 2020. Finished steel estimated import market share in June was 21% and 19% year-to-date (YTD).
Imports of finished steel with large increases in permits in June compared to final imports in May include black plate (up 136%), heavy structural sections (up 53%), petroleum products (up 38% increase), cold-rolled sheet (up 26%), wire rod (up 18%), rebar (up 17%), hot-rolled sheet (up 16%) %), cut-to-length plate (up 16%), mechanical tubes (up 15%), coil plate (up 14%), line pipe (up 13%) and standard pipe ( up 11%). Products with significant increases since the start of the year (YTD) compared to the same period in 2020 include light-shaped bar (up 55%), hot-rolled sheet (up 54%) , sheet metal in coils (up 41%), cut sheets up 34%), sheets and strips, all other metallic coatings (up 31%), wire rod (up 25%), tinplate (up 24%), drawn wire (up 20%), hot-dip galvanized sheet and strip (up 12%) and hot-rolled bar (+ 10%).
In June, the largest finished steel import permit applications for offshore countries concerned South Korea (284,000 NT, up 50% from May), Japan (111,000 NT, in 15% increase), Germany (99,000 NT, up 2%), Taiwan (94,000 NT, up 13%) and the Netherlands (86,000 NT, up 36%). In the first six months of 2021, the main offshore suppliers were South Korea (NT 1,341,000, up 19% from the same period last year), Japan (NT 514,000, up 19%) and Germany (414,000 NT, up 10%).
*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 the material of choice. AISI also plays a leading role in the development and application of new steels and steelmaking technology. 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 or Twitter (@AISISteel).