American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of January totaled 2,691,000 net tons (NT), based on Commerce Department's most recent Steel Import Monitoring and Analysis (SIMA) data. This was a 21% increase from 2,230,000 permit tons in December and a 35% increase from the December preliminary imports total of 1,997,000 NT. Import permit tonnage for finished steel in January was 2,103,000 NT, up 39% from the preliminary imports total of 1,510,000 NT in December. January 2012 total and finished steel import permit tons would annualize at 32,295,000 NT and 25,232,000 NT, up 14% and 16%, respectively, vs. the 28,448,000 NT and 21,871,000 NT imported in 2011. The estimated finished steel import market share in January was 23%.
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