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Stainless Imports up 35% Through YTD August 2011
11/10/2011 - Total stainless imports reached 557,407 tons through YTD August 2011, a 34.4% increase compared to YTD August 2010 according to the latest report from SSINA. Total specialty steel imports (comprising stainless steel, alloy tool steel and electrical steel) reached 704,798 tons through the same period, a 33.7% increase.
Total stainless imports reached 557,407 tons through YTD August 2011, a 34.4% increase compared to YTD August 2010 according to the latest report from the Specialty Steel Industry of North America (SSINA). Total specialty steel imports (comprising stainless steel, alloy tool steel and electrical steel) reached 704,798 tons through the same period, a 33.7% increase compared to YTD August 2010.
Data included in the SSINA report reflect U.S. consumption, imports, and import penetration for YTD August 2011 as compared to the same eight-month period in 2010.
YTD August 2011 stainless steel sheet/strip imports were 286,176 tons, a 15.5% increase compared to YTD August 2010. U.S. consumption was 1,100,646 tons over the same period, a 34.8% increase, while eight-month import penetration was 26.0%, a 4.3 percentage point decrease from 2010.
YTD August 2011 stainless steel plate imports were 122,365 tons, a 126.9% increase compared to YTD August 2010. U.S. consumption was 250,100 tons over the same period, a 62.4% increase, while eight-month import penetration was 48.9%, a 13.9 percentage point increase from 2010.
YTD August 2011 stainless steel bar imports were 97,638 tons, a 42.3% increase compared to YTD August 2010. U.S. consumption was 179,536 tons over the same period, a 28.0% increase, while eight-month import penetration was 54.4%, a 5.5 percentage point increase from 2010.
YTD August 2011 stainless steel rod imports were 19,607 tons, a 22.0% increase compared to YTD August 2010. U.S. consumption was 52,072 tons over the same period, a 23.5% increase, while eight-month import penetration was 37.7%, a 0.4 percentage point decrease from 2010.
YTD August 2011 stainless steel wire imports were 31,620 tons, a 10.6% increase compared to YTD August 2010. U.S. consumption was 38,029 tons over the same period, a 1.2% increase; eight month import penetration was 83.1%, a 7.0 percentage point increase from 2010.
Through YTD August 2011, imports of total stainless steel (comprising the foregoing product lines) were 557,407 tons, a 34.4% increase compared to YTD August 2010. U.S. consumption was 1,620,382 tons over the same period, a 36.1% increase, while eight-month import penetration was 34.4%, a 0.5 percentage point decrease from 2010.
YTD August 2011 alloy tool steel imports were 73,432 tons, a 42.7% increase compared to YTD August 2010. U.S. consumption and import penetration were not calculable.
YTD August 2011 electrical steel imports were 73,959 tons, a 21.4% increase compared to YTD August 2010. U.S. consumption was 140,503 tons over the same period, an 11.3% increase from YTD August 2010, while eight-month import penetration was 52.6%, a 4.3 percentage point increase from 2010.
Through YTD August 2011, imports of total specialty steel (comprising stainless steel, alloy tool steel and electrical steel) were 704,798 tons, a 33.7% increase compared to YTD August 2010. U.S. consumption was 1,800,637 tons over the same period, a 33.6% increase, while eight-month import penetration was 39.1%, the same as 2010.
Specialty Steel Industry of North America (SSINA) is a Washington, DC-based trade association representing most continental specialty metals producers. Member companies include:
· ATI Allegheny Ludlum, Pittsburgh, Pa. (an Allegheny Technologies company)
· ATI Allvac, Monroe, N.C. (an Allegheny Technologies company)
· Carpenter Technology Corp., Reading, Pa.
· Crucible Industries, Solvay, N.Y.
· Electralloy, Oil City, Pa.
· Latrobe Specialty Steel Co., Latrobe, Pa.
· North American Stainless, Ghent, Ky.
· Outokumpu Stainless, Inc., Schaumburg, Ill.
· Universal Stainless and Alloy Products, Bridgeville, Pa.
· Valbruna Slater Stainless Inc., Fort Wayne, Ind.
