AISI Announced May 2024 SIMA Imports Data

SEATTLE (Scrap Monster): The American Iron and Steel Institute (AISI) published most recent Steel Import Monitoring and Analysis (SIMA) data, which indicates notable decline in steel import permit applications during the month of May 2024.

Based on Commerce Department data, the permit applications totalled 2.619 million net tons in April this year. This is significantly lower by around 5.4% when matched with 2.768 million net tons permit tons recorded during the prior month. When compared with April 2024 final imports of 2.801 million net tons, the May 2024 steel import permit tonnage was down significantly by almost 6.5%, AISI data said.

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In May this year, the import permit tonnage for finished steel totalled 2.126 million net tons, marginally higher by 1.6% from the final imports total of 2.092 million net tons in April 2024.

Line pipes reported largest increase in May permits over the prior month, surging higher by almost 54%. The import permits for oil country goods and standard pipe were up by 44% and 24% respectively. The products with notable year-to-date increases compared with the corresponding quarterly period in 2023 include sheets and strip all other metallic coated and hot dipped galvanized strips.

In May 2024, the largest finished steel import permit applications for offshore countries were for Canada, followed by South Korea, Brazil, Mexico and Vietnam.