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Steel News August 08, 2019 03:30:33 PM

U.S. Steel Import Permits Soared 31%

Paul Ploumis
ScrapMonster Author
The import permit tonnage for finished steel at 1.882 million net tons was up by 8.9% from the June 2019 final imports total of 1.728 million net tons.
U.S. Steel Import Permits Soared 31%

SEATTLE (Scrap Monster): The Steel Import Monitoring and Analysis (SIMA) data by the Commerce Department suggests huge decline in steel import permit applications during the month of July this year.

The applications totaled 3.574 million net tons in July this year. This was significantly higher by 31% from the 2.728 million net tons of permit tons recorded in June this year. When matched with the final imports of 2.041 million net tons, the permit applications were up sharply by more than 75% in July 2019.

The import permit tonnage for finished steel at 1.882 million net tons was up by 8.9% from the June 2019 final imports total of 1.728 million net tons.

The total steel imports during the initial seven-month period of the current year were 19.213 million net tons. Out of this, finished steel imports accounted for 13.575 million net tons. The imports of total and finished steel were down sharply by 8% and 16.2% respectively from the corresponding seven-month period in 2018.

The products which recorded notable increase in permits in July ’19 were cut length plates and line pipes, whose permits surged higher by 56% and 33% respectively. The products with significant year-to-date increases from the comparable period in 2018 were black plate and steel piling.

The largest offshore suppliers of finished steel in July were South Korea, Japan and Taiwan, whose steel import permit applications totaled 202,000 net tons, 96,000 net tons and 81,000 net tons respectively.