Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of December totaled 2,071,000 net tons (NT).
This was a 48.1 percent increase from the 1,399,000 permit tons recorded in November and a 51.2 percent increase from the November preliminary imports total of 1,370,000. Import permit tonnage for finished steel in December was 1,326,000, up 12.2 percent from the preliminary imports total of 1,181,000 in November. For the full year 2020 (including December SIMA permits and November preliminary imports), total and finished steel imports were 22,597,000 NT and 16,125,000 NT, down 19.1 percent and 23.4 percent, respectively, from 2019. The estimated finished steel import market share in December was 18 percent and is 18 percent for full year 2020.
Finished steel imports with large increases in December permits vs. the November preliminary imports include line pipe (up 219 percent), electrical sheets and strip (up 193 percent), oil country goods (up 158 percent), tin free steel (up 103 percent), plates in coils (up 40 percent), hot rolled sheets (up 33 percent), sheets and strip all other metallic coatings (19 percent), and hot rolled bars (up 17 percent). Products with significant increases for full year 2020 vs. 2019 include tin free steel (up 25 percent) and light shapes bars (up 21 percent).
In December, the largest finished steel import permit applications for offshore countries were for South Korea (240,000 NT, up 88 percent vs. November preliminary), Germany (70,000 NT, up 5 percent), Japan (59,000 NT, up 28 percent), The Netherlands (52,000 NT, up 2 percent) and Brazil (49,000 NT, up 168 percent). For full year 2020, the largest offshore suppliers were South Korea (2,033,000 NT, down 21 percent from 2019), Japan (770,000 NT, down 38 percent) and Germany (729,000 NT, down 30 percent).
Published in the February 2021 Edition
