Page 34 - Wire Rope News & Sling Technology - February 2020
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         continued from page 32             AISI Released December             black plate (up 110%), steel piling (up
         wind energy markets. Financial terms of  2019 SIMA Imports Data       37%) and tin free steel (up 23%).
         the transaction were not disclosed.  Based on the Commerce Department’s   In December, the largest finished steel
           The acquisition, effective January   most recent Steel Import Monitoring   import permit applications for offshore
         14, 2020, includes the Feubo facility lo-  and Analysis (SIMA) data, the Ameri-  countries were for South Korea (199,000
         cated in Hattingen, Germany that will   can Iron and Steel Institute (AISI) re-  NT, up 6% from November final), Japan
         become Crosby’s center of excellence   ported that steel import permit applica-  (81,000 NT, down 4%), Germany (81,000
         for  mooring  components,  as  well  as  a   tions for the month of December 2019   NT, up 48%), Brazil (35,000 NT, up
         key engineering and innovation center.  totaled 2,308,000 net tons (NT)*. This   221%) and The Netherlands (30,000 NT,
           Oliver  Feuerstein,  CEO of Feubo,   was a 12.3% increase from the 2,055,000   down 58%). For full year 2019, the larg-
         will  continue  to lead the Feubo team   permit tons recorded in November and   est offshore suppliers were South Korea
         and operation.                     a 47.8% increase from the November   (2,606,000 NT, down 6% from 2018), Ja-
           Robert Desel, CEO of Crosby, said:   final imports total of 1,561,000. Import   pan (1,256,000 NT, down 9%) and Ger-
         “We are thrilled to expand our offshore   permit tonnage for finished steel in De-  many (1,046,000 NT, down 22%).
         product portfolio and end market reach   cember was 1,388,000, up 4.2% from   *Note that import permits data are
         with this acquisition. Feubo’s position   the  final  imports  total  of  1,331,000  in   counts of tonnages requested in appli-
         as a leader and innovator in mooring   November. For full year 2019 (including   cations for licenses to import steel mill
         components, and the opportunity to le-  December SIMA permits and Novem-  products and are not actual import vol-
         verage its world-class engineering and   ber  final  imports),  total  and  finished   umes. For a number of reasons, permit
         innovation competency, made this a   steel imports were 28,660,000 NT and   tonnages may understate or overstate
         compelling addition to Crosby.”    21,082,000 NT, down 15.0% and 17.9%,   actual import volumes for the month.
                                                                                 Reprinted  from the  American  Iron  and
           Feuerstein  added:  “This  is  an  excit-  respectively, from 2018. The estimated   Steel Institute,
         ing new chapter for Feubo, its employ-  finished  steel  import  market  share  in
         ees, and customers. With Crosby’s glob-  December was 15% and is 19% for 2019.  Steel Imports Down 17
         al presence we can increase our reach   Finished  steel  imports  with  large   Percent in 2019
         and increase the pace of innovation.   increases  in December permits vs.
         We look forward to joining the Crosby   November  final  imports  included  hot   Based on preliminary Census Bureau
         team, who  share  the same values as   rolled sheets (up 38%), tin free steel (up   data, the American Iron and Steel Insti-
         us—safety, reliability and innovation.”  37%), plates in  coils  (up 29%), struc-  tute (AISI) reported that the U.S. im-
           For  more information  about The   tural pipe and tubing (up 24%) and line   ported a total of 1,553,000 net tons (NT)
         Crosby Group,  visit their website at   pipe  (up  14%).  Products  with  signifi-  of steel in December 2019, including            cant increases in 2019 vs. 2018 include             continued on page 36

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