A comparison of September shipments to the previous month of August shows the following changes: hot dipped galvanized sheet and strip, up 2 percent, cold rolled sheet, no change and hot rolled sheet, down 1 percent.
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of October totaled 1,643,000 net tons (NT)*. This represents virtually no change from the 1,642,000 permit tons recorded in September and a 30.8% increase from the September final imports total of 1,256,000. Import permit tonnage for finished steel in October was 1,219,000, up 4.4% from the final imports total of 1,167,000 in September. For the first ten months of 2020 (including October SIMA permits and September final imports), total and finished steel imports were 19,290,000 NT and 13,587,000 NT, down 22.2% and 26.0%, respectively, from the same period in 2019. The estimated finished steel import market share in October was 17% and is 18% year-to-date (YTD).