Trade Body Published Steel Import Monitoring and Analysis Data

SEATTLE (Scrap Monster): The American Iron and Steel Institute (AISI) published most recent Steel Import Monitoring and Analysis (SIMA) data, which signals substantial decline in steel import permit applications in the month of Febraury this year.

Based on Commerce Department data, the permit applications totalled 1.945 million net tons in February 2021. This is significantly down by approximately 12.3% when matched with 2.218 million net tons permit tons recorded during the prior month. When compared with January 2021 preliminary imports of 2.422 million net tons, the February 2021 steel import permit tonnage was down by 19.7%, AISI data said.

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In February this year, the import permit tonnage for finished steel totalled 1.387 million net tons, up by 11.9% from the preliminary imports total of 1.239 million net tons in January 2021. Tin plates reported largest increase in February permits over the prior month, surging higher by 213%. The import permits for electrolytic galvanized sheets and strip and cold rolled sheets too were up by 151% and 71% respectively.

In February 2021, the largest finished steel import permit applications for offshore countries were for South Korea. The largest offshore suppliers through the first two months of the current year were South Korea, Japan and Turkey.