SEATTLE (Scrap Monster): According to Steel Import Monitoring and Analysis (SIMA) data recently issued by the American Iron and Steel Institute (AISI), there was a sharp decline in steel import permit applications in February 2025.
According to Commerce Department data, 2.137 million net tons of permit applications were submitted in February of this year. Compared to the 2.904 million net tonnage permit tons that were registered the previous month, this indicates a notable decrease of nearly 26.4%. The steel import permit tonnage in February 2025 was a substantial decrease of almost 30.4% compared to the final imports of 3.072 million net tons in January 2025, according to AISI data.
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Compared to the final import total of 2.307 million net tons in January 2025, the import permit tonnage for finished steel in February of this year was 1.566 million net tons, a 32.1% decrease.
Electrical sheet and strip had the biggest rise in permits over the previous month, increasing by about 135%, while electrolytic galvanized and standard rail import licenses climbed by 77% and 77%, respectively, over the same period in 2024.Tin plate, line pipe, and reinforcing bars are among the products that have shown notable year-to-date improvements when compared to the same period in 2024.
In February 2025, Canada was the offshore country with the highest number of applications for finished steel import permits, followed by Brazil, Mexico, South Korea, and Japan.
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