YTD Stainless, Specialty Imports Holding Steady through October
01/24/2011 - Total stainless steel imports reached 532,053tons in YTD October 2010, a 72.3% increase compared to the comparable year-ago period according to the latest report from SSINA. Total specialty steel reached 677,843tons through the same period, a 71.2% increase compared to the comparable year-ago period.
Total stainless steel imports reached 532,053 tons in YTD October 2010, a 72.3% increase compared to the comparable year-ago period according to the latest report from the Specialty Steel Industry of North America (SSINA).
Total specialty steel (comprising stainless steel, alloy tool steel and electrical steel) reached 677,843 tons through the same period, a 71.2% increase compared to the comparable year-ago period.
Data included in the SSINA report reflect U.S. consumption, imports, and import penetration for YTD October 2010 compared to the same 2009 ten-month period for major specialty steel product lines, as well as for total stainless steel and total specialty steel.
Dr. Sunil Widge, Chairman of SSINA, noted the large increases in imports in every product category. In certain cases, such as sheet & strip, plate and wire, the increases in imports far outstripped the growth in US consumption. As to total stainless steel, the 72.3% growth of imports was nearly double the 36.5 % improvement in consumption. “SSINA will be examining import patterns to determine whether unfair trade practices such as dumping and foreign government subsidies are affecting the marketplace," he said.
YTD October 2010 stainless steel sheet/strip imports were 312,121 tons, a 79.6% increase compared to YTD October 2009. U.S. consumption was 1,030,304 tons through the same period, a 32.6% increase, while ten-month import penetration was 30.3%, a 7.9 percentage point increase from 2009.
YTD October 2010 stainless steel plate imports were 77,786 tons, a 107.7% increase compared to YTD October 2009. U.S. consumption was 213,591 tons through the same period, a 45.7% increase, while ten-month import penetration was 36.4%, a 10.9 percentage point increase from 2009.
YTD October 2010 stainless steel bar imports were 86,285 tons, a 41.1% increase compared to YTD October 2009. U.S. consumption was 177,145 tons through the same period, a 44.4% increase, while ten-month import penetration was 48.7%, a 1.1 percentage point decrease from 2009.
YTD October 2010 stainless steel rod imports were 19,511 tons, a 78.4% increase compared to YTD October 2009. U.S. consumption was 54,147 tons through the same period, an 88.6% increase, while ten-month import penetration was 36.0%, a 2.1 percentage point decrease from 2009.
YTD October 2010 stainless steel wire imports were 36,351 tons, a 42.3% increase compared to YTD October 2009. U.S. consumption was 39,823 tons through the same period, a 14.2% increase, while ten-month import penetration was 91.3%, an 18.0 percentage point increase from 2009.
Through YTD October 2010, imports of total stainless steel (comprising the foregoing product lines) were 532,053 tons, a 72.3% increase compared to YTD October 2009. U.S. consumption was 1,515,012 tons through the same period, a 36.5% increase, while ten-month import penetration was 35.1%, a 7.3 percentage point increase from 2009.
YTD October 2010 alloy tool steel imports were 67,394 tons, a 123.8% increase compared to YTD October 2009. U.S. consumption and import penetration were not calculable.
YTD October 2010 electrical steel imports were 78,396 tons, a 37.4% increase compared to YTD October 2009. U.S. consumption was 158,907 tons through the same period, an 8.1% decrease from YTD October 2009, while ten-month import penetration was 49.3%, a 16.3 percentage point increase from 2009.
Through YTD October 2010, imports of total specialty steel (comprising stainless steel, alloy tool steel and electrical steel) were 677,843 tons, a 71.2% increase compared to YTD October 2009. U.S. consumption was 1,714,677 tons through the same period, a 31.8% increase, while ten-month import penetration was 39.5%, a 9.1 percentage point increase from 2009.
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.
