The American Iron
and Steel Institute (AISI) is reporting that steel import permit
applications for January totaled 3,352,000 net tons (NT): a 45.6-percent
increase from December and a 115.8-percent increase from the December
preliminary imports total.
tonnage for finished steel in January was 1,559,000, up 15.7 percent from
the December preliminary imports total.
finished steel import market share in January was 17 percent.
imports with large month-over-month increases in January included
reinforcing bars (up 133 percent); sheet and strip all other metallic
coatings (up 108 percent); heavy structural shapes (up 108 percent); wire
rods (up 80 percent); sheets and strip galvanized hot dipped (up 45
percent); mechanical tubing (up 39 percent); and wire drawn (up 31 percent).
In January, the
largest finished steel import permit applications for offshore countries
were for South Korea (159,000 NT, down 5 percent from December preliminary);
Japan (76,000 NT, up 14 percent); Turkey (50,000 NT, up 646 percent);
Germany (50,000 NT, down 40 percent); and Taiwan (42,000 NT, up 42 percent).
Note that import
permits data are counts of tonnages requested in applications for licenses
to import steel mill products and are not actual import volumes.
For a number of
reasons, permit tonnages may understate or overstate actual import volumes
for the month, preliminary estimates of which will be available later this