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The American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of August totaled 952,000 net tons (NT). This was a 3% decrease from the 978,000 permit tons recorded in July 2009 and a 3% decrease from the July preliminary imports total of 985,000 NT. Import permit tonnage for finished steel in August was 801,000 NT, a decrease of 9% from the preliminary imports total of 884,000 NT in July. The finished import permits for August are lower than any prior 2009 finished import monthly totals.
August 2009 total and finished steel import permit tons would annualize at 15,841,000 NT and 14,613,000 NT, down 50% and 44%, respectively, from the 31,927,000 NT and 25,956,000 NT imported in 2008
In August 2009, the largest finished steel import permit applications for offshore countries were for Korea (84,000 NT, up 14% from July), Japan (38,000 NT, down 56%), Brazil (37,000 NT, up 365%) and China (32,000 NT, up 9%). Finished steel import market share in August is estimated at 15% and at 24% year-to-date (YTD).
Finished steel import permits for products that registered increases in August vs. the July preliminary include wire rods (114%), hot rolled sheets (55%), and cold rolled sheets (40%). In Addition due to the aforementioned hot and cold rolled sheet gains, total sheet product permits increased 24% vs. the July preliminary figures
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