US import applications for steel up 17.7%

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%).

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Gautam kumar
Gautam kumar

Dear at was the total volume of steel import into USA during calendar year 2017.
If it was 2.8 Mln in dec alone then the figure looks to be high for the whole year.

Gautam kumar
Gautam kumar

What was I-O dear at