SSINA Releases Market Data for May 2012
08/15/2012 - The Specialty Steel Industry of North America (SSINA) has released statistical data on imports, U.S. consumption, and import penetration for YTD May 2012.
The Specialty Steel Industry of North America (SSINA) has released statistical data on imports, U.S. consumption, and import penetration for YTD May 2012. The data represents U.S. consumption, imports, and import penetration for YTD May 2012 compared to the same 2011 five month period.
The following data is presented by specialty steel product line, total stainless steel, and total specialty steel:
· Stainless steel sheet/strip: Imports in YTD May 2012 were 169,375 tons, a 2.3% decrease compared to YTD May 2011; U.S. consumption was 698,692 tons, a 2.6% decrease; five month import penetration was 24.2%, the same as 2011.
· Stainless steel plate: Imports in YTD May 2012 were 97,701 tons, a 42.0% increase compared to YTD May 2011; U.S. consumption was 192,850 tons, a 30.5% increase; five month import penetration was 50.7%, a 4.2 percentage point increase from 2011.
· Stainless steel bar: Imports in YTD May 2012 were 66,000 tons, a 8.9% increase compared to YTD May 2011; U.S. consumption was 116,434 tons, a 2.1% increase; five month import penetration was 56.7%, a 3.6 percentage point increase from 2011.
· Stainless steel rod: Imports in YTD May 2012 were 13,538 tons, a 5.1% increase compared to YTD May 2011; U.S. consumption was 30,874 tons, a 9.8% decrease; five month import penetration was 43.8%, a 6.2 percentage point increase from 2011.
· Stainless steel wire: Imports in YTD May 2012 were 19,965 tons, a 0.2% increase compared to YTD May 2011; U.S. consumption was 24,963 tons, a 3.2% decrease; five month import penetration was 80.0%, a 2.7 percentage point increase from 2011.
Imports of total stainless steel (comprising the foregoing product lines) in YTD May 2012 were 366,580 tons, a 9.2% increase compared to YTD May 2011; U.S. consumption was 1,063,814 tons, a 2.4% increase; five month import penetration was 34.5%, a 2.2 percentage point increase from 2011.
· Alloy tool steel: Imports in YTD May 2012 were 56,524 tons, a 26.2% increase compared to YTD May 2011; U.S. consumption and import penetration were not calculable.
· Electrical steel: Imports in YTD May 2012 were 53,617 tons, a 13.5% increase compared to YTD May 2011; U.S. consumption and import penetration were not calculable.
Imports of total specialty steel (comprising stainless steel, alloy tool steel and electrical steel) in YTD May 2012 were 476,721 tons, a 11.5% increase compared to YTD May 2011; U.S. consumption and import penetration were not calculable.
Specialty Steel Industry of North America (SSINA) is a Washington, D.C.-based trade association representing virtually all continental specialty metals producers, which include high technology, high value stainless and other specialty alloy products.
SSINA member companies include: ATI Allegheny Ludlum, Pittsburgh, Pa. and ATI Allvac, Monroe, N.C. (both Allegheny Technologies companies); Carpenter Technology Corporation, Reading, Pa.; Crucible Industries, Solvay, N.Y.; Electralloy, Oil City, Pa.; North American Stainless, Ghent, Ky.; Universal Stainless and Alloy Products, Bridgeville, Pa.; and Valbruna Slater Stainless Inc., Fort Wayne, Ind.
