March Steel Imports Up 22% from February, AISI Says
Steel import permit applications for March totaled 3,144,000 net tons (NT), the American Iron and Steel Institute said, based on Commerce Department data. That was a 22% increase from the 2,580,000 permit tons recorded in February and a 17% increase…
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from the February preliminary imports total of 2,689,000 NT. Import permit tonnage for finished steel in March was 2,275,000 NT, up 11% from the preliminary imports total of 2,051,000 NT in February. On a quarterly basis, finished steel imports in the first quarter of 2012 were 27% higher than in the fourth quarter of 2011, AISI said. March 2012 total and finished steel import permit tons would annualize at 34,591,000 NT and 26,120,000 NT, up 21% and 20%, respectively, vs. the 28,515,000 NT and 21,835,000 NT imported in 2011. The estimated finished steel import market share in March was 23%. In March, the largest finished steel import permit applications for offshore countries were for Korea (282,000 NT, down 6% from February), Turkey (263,000 NT, up 39%), Japan (190,000 NT, up 15%), China (114,000 NT, up 24%) and Germany (106,000 NT, up 32%).