Washington, DC-According to the latest steel import monitoring and analysis (SIMA) data from the US Department of Commerce, the American Iron and Steel Institute (AISI) today reported that the total number of steel import permit applications in October was 2,396,000 net tons (NT)*. This is more than The 2,950,000 permitted tons recorded in September decreased by 18.8%, a decrease of 26.0% from the total initial import volume of 3,237,000 in September. The tonnage of the finished steel import license in October was 1.98 million tons, which was 19.1% lower than the total initial import volume of 2.469 million tons in September. In the first 10 months of 2021 (including SIMA licenses in October and preliminary imports in September), total steel imports and finished steel products were NT$26,202,000 and NT$18,682,000, respectively, an increase of 36.8% and 37.2% over the same period in 2020. It is estimated that the imported market share of finished steel in October will be 21%, and the year-to-date (YTD) will be 21%.
Compared with the preliminary imports in September, the imports of finished steel products permitted in October include blackboards (up 30%), structural pipes and tubes (up 29%), stainless steel pipes and tubes (up 15%), and cold finished steel bars. (Increase of 13%). Compared with the same period in 2020, YTD products with significant growth include hot-rolled sheet (an increase of 111%), coiled plate (an increase of 88%), wire rod (an increase of 62%), and cut-to-length plates (an increase of 58%) , All other metal-coated sheets and strips (up 57%), petroleum products (up 42%), cold-rolled sheets (up 32%), heavy structural sections (up 26%), hot-rolled bars (up 26%) %), wire drawing (increased by 22%), hot-dip galvanized sheets and strips (increased by 21%), steel bars (increased by 16%) and tinned plates (increased by 16%).
In October, the largest applications for import licenses for finished steel products from offshore countries were South Korea (205,000 TWD, an initial decrease of 31% from September), Turkey (125,000 TWD, an increase of 6%), and Vietnam (100,000 TWD, an increase of 29%). ), Taiwan (79,000 New Taiwan dollars, down 16%) and Japan (86,000 New Taiwan dollars, up 5%). By the first ten months of 2021, the largest offshore suppliers are South Korea (NT$2,300,000, an increase of 38% year-on-year), Japan (NT$835,000, an increase of 26%) and Turkey (NT$800,000, an increase of 62%).
*Please note that the import license data is the tonnage count required when applying for the import steel mill product license, not the actual import volume. Due to a variety of reasons, the license tonnage may underestimate or overestimate the actual import volume that month. The preliminary estimate will be announced later this month.
AISI acts as a spokesperson for the US steel industry in the field of public policy and promotes the case of steel as the material of choice in the market. AISI's members include integrated and electric arc furnace steelmaking manufacturers, as well as associate members as suppliers or customers in the steel industry. For more news about steel and its applications, please visit AISI's website www.steel.org. Follow AISI on Facebook, LinkedIn, Twitter (@AISISteel) or Instagram.
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