INDUSTRY NEWS
Monday, February 07, 2005
SSINA Releases YTD October 2004 Data
The Specialty Steel Industry of North America (SSINA) today released import, U.S. consumption, and import penetration data covering January through October 2004. Percentage comparisons refer to the YTD October 2003 ten-month period.
Following data presented by specialty steel product line, total stainless steel, and total specialty steel:
* Stainless steel sheet/strip: Imports were 340,282 tons, a 34% increase; consumption was 1,501,629 tons, a 14% increase; import penetration was 23%, a four percentage point increase.
* Stainless steel plate: Imports were 57,780 tons, a 39% increase; consumption was 242,337 tons, a 2% increase; import penetration was 24%, a six percentage point increase.
* Stainless steel bar: Imports were 66,689 tons, a 13% increase; consumption was 166,912 tons, an 8% increase; import penetration was 40%, a two percentage point increase.
* Stainless steel rod: Imports were 37,982 tons, a 24% increase; U.S. consumption was 59,387 tons, a 7% increase; import penetration was 64%, a nine percentage point increase.
* Stainless steel wire: Imports were 34,530 tons, a 22% increase; U.S. consumption and import penetration are not calculable. Imports of total stainless steel (comprising the above product lines) were 537,262 tons, a 30% increase; U.S. consumption was 1,996,913 tons, a 12% increase; import penetration was 27%, a four percentage point increase.
* Alloy tool steel: Imports were 75,478 tons, a 5% increase; U.S. consumption and import penetration are not calculable.
* Electrical steel: Imports were 69,680 tons, a 4% increase; U.S. consumption was 321,546 tons, a 3% decrease; import penetration was 22%, a two percentage point increase.
Imports of total specialty steel (stainless steel, alloy tool steel, and electrical steel) were 682,420 tons, a 24% increase; U.S. consumption was 2,377,384 tons, a 9% increase; and import penetration was 29%, a four percentage point increase.
SSINA is a Washington, DC-based trade association representing virtually all continental specialty steel producers. Specialty steels are high technology, high value stainless and other specialty alloy products.
posted by MetalPro Sales at 10:05 AM
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