AISI Releases October SIMA Imports Data

Finished Import Market Share Estimated at 21 Percent in October

Washington, D.C. - Based on the Commerce Department's most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of October totaled 2,186,000 net tons (NT)*. This was a 6.3% decrease from the 2,333,000 permit tons recorded in September and a 2.3% increase from the September final imports total of 2,137,000. Import permit tonnage for finished steel in October was 1,732,000, up 2.2% from the final imports total of 1,695,000 in September. For the first ten months of 2024 (including October SIMA permits and September final imports), total and finished steel imports were 24,458,000 NT and 18,978,000 NT, up 1.7% and 2.1%, respectively, from the same period in 2023. The estimated finished steel import market share in October was 21% and is 23% year-to-date (YTD).

Steel imports with large increases in October permits vs. September final imports include reinforcing bars (up 61%), hot rolled sheets (up 34%), heavy structural shapes (up 28%), cut lengths plates (up 22%) and tin plate (up 17%). Products with significant year-to-date (YTD) increases vs. the same period in 2023 include sheets and strip all other metallic coated (up 57%), sheets and strip hot dipped galvanized (up 42%), cold rolled sheets (28%), tin plate (up 22%) and wire rods (up 21%).

In October, the largest steel import permit applications were for Canada (503,000 NT, up 1% from September final), Mexico (363,000 NT, up 36%), Brazil (260,000 NT, down 21%), South Korea (171,000 NT, down 37%) and Japan (133,000 NT, up 71%). Through the first ten months of 2024, the largest suppliers were Canada (5,473,000 NT, down 6%), Brazil (3,950,000 NT, up 22%) and Mexico (2,878,000 NT, down 21%).

*Note that import permits data are counts of tonnages requested in applications for licenses to import steel products and are not `actual import volumes. For a number of reasons, permit tonnages may understate or overstate actual import volumes for the month, preliminary estimates of which will be available later this month.

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Contact: Lisa Harrison

202.452.7115 / [email protected]

AISI serves as the voice of the American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI's membership is comprised of integrated and electric arc furnace (EAF) steelmakers reflecting the production of both carbon and stainless steels which are critical to the everyday lives of all Americans - including national security, roads and bridges, the electrical grid, clean energy technologies and the automotive market. AISI also represents associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view AISI's website at www.steel.org. Follow AISI on Facebook, LinkedIn, Twitter (@AISISteel) or Instagram.