Chesterton Tribune



Steel import permit applications up in June

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The American Iron and Steel Institute is reporting that steel import permit applications for the month of June totaled 2,695,000 net tons (NT), a 2.3-percent increase over permit tons recorded in May and a 30.7-percent increase over May preliminary imports.

Import permit tonnage for finished steel in June was 1,786,000 NT, down 3.6 percent from preliminary imports n May.

For the first six months of 2019 (including June SIMA permits and May preliminary imports), total and finished steel imports were 16,279,000 NT and 11,739,000 NT, down 9.0 and 16.2 respectively from the year-ago period.

The estimated finished steel import market share in June was 19 percent and is 21 in the year-to-date.

Finished steel imports with large month-over-month increases in June included black plate (up 540 percent); pressure tubing (up 199 percent); steel piling (up 120 percent); tin plate (up 50 percent); tin free steel (up 48 percent); mechanical tubing (up 27 percent); line pipe (up 13 percent); and wire rods (up 10 percent). A product with a significant year-over-year was black plate (up 75 percent).

In June the largest finished steel import permit applications for offshore countries were for South Korea (166,000 NT, down 43 percent from May preliminary); Japan (117,000 NT, down 5 percent); Germany (87,000 NT, up 36 percent); Taiwan (85,000 NT, up 5 percent); and Vietnam (65,000 NT, up 7 percent).

Through the first six months of 2019, the largest offshore suppliers were South Korea (1,453,000 NT, down 17 percent from the same period last year); Japan (728,000 NT, down 2 percent); and Germany (604,000 NT, down 9 percent).



Posted 7/5/2019




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