US steel import permit applications for January totaled 2,914,000 net tons, based on the Commerce Dept.’s most recent Steel Import Monitoring and Analysis (SIMA) data. This was a 17.7% increase from the 2,475,000 permit tons recorded in December and an 18.9% increase from the December final imports total of 2,450,000 net tons. Import permit tonnage for finished steel in January was 2,306,000, up 22.6% from the final imports total of 1,880,000 in December. The estimated finished steel import market share in January was 26%.
Finished steel imports with large increases in January permits vs. the December final included sheets and strip all other metallic coatings (up 134%), reinforcing bars (up 133%), oil country goods (up 73%), line pipe (up 56%), hot rolled sheets (up 24%), hot rolled bars (up 17%), standard pipe (up 15%) and plates in coils (up 10%).
In January, the largest finished steel import permit applications for offshore countries were for South Korea (362,000 net tons, up 89% from December final), Turkey (170,000 net tons, up 192%), Japan (135,000 net tons, up 65%), Taiwan (125,000 net tons, up 208%) and Germany (89,000 net tons, down 15%).