American Iron and Steel Institute, www.steel.org – (12-07-23) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of November totaled 1,983,000 net tons (NT)*. This was a 10.2% decrease from the 2,208,000 permit tons recorded in October and a 9.8% decrease from the October final imports total of 2,197,000. Import permit tonnage for finished steel in November was 1,592,000, down 14.0% from the final imports total of 1,852,000 in October. For the first eleven months of 2023 (including November SIMA permits and October final imports), total and finished steel imports were 26,026,000 NT and 20,172,000 NT, down 9.1% and 13.8%, respectively, from the same period in 2022. The estimated finished steel import market share in November was 20% and is 22% year-to-date (YTD). Steel imports with large increases in November permits vs. October final imports include sheet and strip all other metallic coatings (up 51%), non-classified pipe and tubing (up 49%), electrical sheet and strip (up 46%), ingots, billets and slabs (up 14%) and hot rolled bars (up 10%). Products with significant year-to-date (YTD) increases vs. the same period in 2022 include standard rails (up 46%), cut lengths plates (up 19%) and ingots, billets and slabs (up 12%). In November, the largest steel import permit applications were for Canada (519,000 NT, down 7% from October final), Brazil (319,000 NT, up 207%), Mexico (195,000 NT, down 37%), South Korea (183,000 NT, up 10%) and Japan (97,000 NT, down 28%). Through the first eleven months of 2023, the largest suppliers were Canada (6,331,000 NT, unchanged), Mexico (3,840,000 NT, down 21%) and Brazil (3,546,000 NT, up 40%). *Note that import permits data are counts of tonnages requested in applications for licenses to import steel products and are not actual import volumes. For a number of reasons, permit tonnages may understate or overstate actual import volumes for the month, preliminary estimates of which will be available later this month.
AISI Press Release on Latest U.S. Imports of Steel Products – December 2023
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