The American Iron
and Steel Institute is reporting that steel import permit applications for
September totaled 1,967,000 net tons (NT), a 9.4-percent decrease from
permit tons in August and a 2.7-percent decrease from final imports total in
tonnage for finished steel in September was 1,510,000 NT, down 15.9 percent
For the first nine
months of 2019 total and finished steel imports were 22,658,000 NT and
16,842,000 NT, down 13.4 percent and 16.2 percent respectively from the
finished steel import market share in September was 17 percent and is 20
percent in the year-to-date.
significant year-over-year increases include black plate (up 95 percent);
steel piling (up 50 percent); and tin free steel (up 25 percent).
In September, the
largest finished steel import permit applications for offshore countries
were for South Korea (150,000 NT, down 43 percent from August final); Japan
(75,000 NT, down 44 percent); Germany (69,000 NT, down 8 percent); Taiwan
(60,000 NT, down 1 percent); and Vietnam (52,000 NT, up 9 percent).
Through the first
nine months of 2019, the largest offshore suppliers were South Korea
(2,042,000 NT, down 11 percent from the same period last year); Japan
(1,019,000 NT, down 4 percent); and Germany (836,000 NT, down 15 percent).
Note that import
permits data are counts of tonnages requested in applications for licenses
to import steel mill products and are not actual import volumes. For a
number of reasons, permit tonnages may understate or overstate actual import
volumes for the month.