Steel Products Prices North America
November 6, 2014
Foreign Steel Market Penetration Now at 31%
Written by John Packard
We thought our readers might be interested in reading what the AISI reported regarding foreign steel imports for the month of October.
Washington, D.C. – 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 October total 4,382,000 net tons (NT)*. This was an 8% increase from the 4,043,000 permit tons recorded in September and a 12% increase from the September final imports total of 3,900,000 NT. Import permit tonnage for finished steel in October was 3,376,000, up 14% from the final imports total of 2,955,000 in September. For the first 10 months of 2014 (including October SIMA and September final), total and finished steel imports were 36,947,000 NT and 27,792,000 NT, respectively, up 37% and 32% from the same period in 2013. The estimated finished steel import market share in October was 31% and is 28% year-to-date (YTD).
