Steel import applications down 11 percent

|  December 02, 2010 |

Based on the U.S. Department of Commerce’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported on Dec. 1 that steel import permit applications for the month of November totaled 1,672,000 net tons (NT).

This was an 11-percent decrease from the 1,870,000 permit tons recorded in October and a 7-percent decrease from the October preliminary imports total of 1,791,000 NT.

Import permit tonnage for finished steel in November was 1,442,000 NT, down 3 percent from the preliminary imports total of 1,489,000 NT in October.

November total and finished steel import permit tons would annualize at 23,832,000 NT and 18,763,000 NT, up 47 percent and 32 percent, respectively, from the 16,215,000 NT and 14,179,000 NT imported in 2009.

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