The American Iron
and Steel Institute is reporting that steel import permit applications for
the month of January totaled 2,914,000 net tons (NT), a 17.7-percent
increase over December and an 18.9-percent increase over the December final
tonnage for finished steel in January totaled 2,306,000 NT, up 22.6 percent
finished steel import market share in January was 26 percent.
imports with large month-over-month increases in January permits included
sheets and strip all other metallic coatings (up 134 percent); reinforcing
bars (up 133 percent); oil country goods (up 73 percent); line pipe (up 56
percent); hot rolled sheets (up 24 percent); hot rolled bars (up 17
percent); standard pipe (up 15 percent); and plates in coils (up 10
In January, the
largest finished steel import permit applications for offshore countries
were for South Korea (362,000 NT, up 89 percent from December final); Turkey
(170,000 NT, up 192 percent); Japan (135,000 NT, up 65 percent); Taiwan
(125,000 NT, up 208 percent); and Germany (89,000 NT, down 15 percent).