American Iron and Steel Institute, www.steel.org – (06-07-24) 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 May totaled 2,619,000 net tons (NT)*. This was a 5.4% decrease from the 2,768,000 permit tons recorded in April and a 6.5% decrease from the April final imports total of 2,801,000. Import permit tonnage for finished steel in May was 2,126,000, up 1.6% from the final imports total of 2,092,000 in April. For the first five months of 2024 (including May SIMA permits and April final imports), total and finished steel imports were 12,956,000 NT and 9,881,000 NT, up 6.1% and 4.4%, respectively, from the same period in 2023. The estimated finished steel import market share in May was 24% and is 23% year-to-date (YTD). Steel imports with large increases in May permits vs. April final imports include line pipe (up 54%), oil country goods (up 44%), standard pipe (up 24%), sheets and strip hot dipped galvanized (up 23%) and sheets and strip all other metallic coated (up 18%). Products with significant year-to-date (YTD) increases vs. the same period in 2023 include sheets and strip all other metallic coated (up 70%), sheets and strip hot dipped galvanized (up 42%), cold rolled sheets (38%), wire rods (up 30%) and structural pipe and tubing (up 25%). In May, the largest steel import permit applications were for Canada (538,000 NT, down 8% from April final), South Korea (348,000 NT, up 67%), Brazil (321,000 NT, down 17%), Mexico (310,000 NT, down 27%) and Vietnam (155,000 NT, up 7%). Through the first five months of 2024, the largest suppliers were Canada (2,836,000 NT, down 6%), Brazil (2,043,000 NT, up 23%) and Mexico (1,714,000 NT, down 10%).
AISI Press Release on Latest U.S. Imports of Steel Products – June 2024
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