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U.S. steel import permit applications for the month of November 2011 totaled 1,984,000 net tons (NT), a 14% decrease from the 2,309,000 permit tons recorded in October and a 9% decrease from the October preliminary imports total of 2,192,000 NT, according to American Iron and Steel Institute (AISI) analysis of Commerce Department Steel Import Monitoring and Analysis (SIMA) data.
Import permit tonnage for finished steel in November 2011 was 1,611,000 NT, down 8% from the preliminary imports total of 1,754,000 NT in October.
Year-to date (YTD) 2011 total and finished steel import permit tons would annualize at 28,545,000 NT and 21,899,000 NT, up 19% and 16%, respectively, vs. the 23,929,000 NT and 18,857,000 NT imported in 2010. The estimated finished steel import market share in November was 20% and is 22% year-to-date.
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