AISI Declared SIMA Imports Data for June 2024

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 June 2024.

Based on Commerce Department data, the permit applications totalled 2.422 million net tons in June this year. This is significantly lower by around 10.7% when matched with 2.711 million net tons permit tons recorded during the prior month. When compared with May 2024 final imports of 2.851 million net tons, the June 2024 steel import permit tonnage was down significantly by almost 15.1%, AISI data said.

In June this year, the import permit tonnage for finished steel totalled 1.862 million net tons, down by 16.5% from the final imports total of 2.230 million net tons in May 2024.

Steel piling reported largest increase in June permits over the prior month, surging higher by almost 167%. The import permits for heavy structural shapes and hot rolled sheets were up by 29% and 11% 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 sheets and strip hot dipped galvanized.

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