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Steel News October 10, 2019 09:30:00 AM

Steel Import Permits Collapsed 9.4% in September

Paul Ploumis
ScrapMonster Author
The Jan-Sep ’19 total steel imports recorded 13.4% decline year-on-year to total 22.658 million NT.
Steel Import Permits Collapsed 9.4% in September

SEATTLE (Scrap Monster): The latest Steel Import Monitoring and Analysis (SIMA) data published by the U.S. Commerce Department suggests substantial decline in steel import permits during the month of September this year.

The permit applications for the month totalled 1.967 million net tons (NT). This represents 9.4% decline from the import permit tons of 2.172 million NT recorded during August this year. When compared with the final imports total of 2.022 million NT in August, the permit applications are down by 2.7%, reported the American iron and Steel Institute (AISI). The import permits for finished steel in Sep ’19 was 1.510 million NT, which is significantly down by nearly 16% from the Aug ’19 final imports of 1.794 million NT.

The Jan-Sep ’19 total steel imports recorded 13.4% decline year-on-year to total 22.658 million NT. The cumulative finished steel imports during the first nine months of the current year dropped by 16.2% from the corresponding period in 2018 to total 16.842 million NT. Also, finished steel import market share was 20% during the year-to-date period.

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The product that witnessed significant jump in year-to-date import permits was black plate, which was up by 95% over 2018. Steel piling and tin free steel too reported year-to-date increases by 50% and 25% respectively.

AISI noted that South Korea, Japan and Germany continued to remain as the largest offshore suppliers of steel products to the U.S. in Sep ’19 as well as through the first nine months of the year.