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Apr.16.2024 1USD=7.1028RMB
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AISI Releases January SIMA Imports Data [SteelHome] 2024-02-20 09:01:42

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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 January totaled 2,359,000 net tons (NT)*. This was a 6.0% decrease from the 2,509,000 permit tons recorded in December and a 12.7% increase from the December final imports total of 2,093,000. Import permit tonnage for finished steel in January was 1,777,000, up 9.5% from the final imports total of 1,622,000 in December. The estimated finished steel import market share in January was 21 percent.

Steel imports with large increases in January permits vs. the December final imports include sheets and strip all other metallic coatings (up 145%), wire rods (up 58%), mechanical tubing (up 39%), hot rolled bars (up 39%) and wire drawn (up 26%).

In January, the largest steel import permit applications were for Canada (599,000 NT, up 11% vs. December final), Brazil (446,000 NT, up 33%), Mexico (286,000 NT, down 2%), South Korea (130,000 NT, down 52%) and Japan (110,000 NT, up 41%).

Source: AISI
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