September 08, 2008

SSINA releases special steel data for January 208

US based Specialty Steel Industry of North America has released statistical data on imports, US consumption and import penetration for January 2008. The data represents US consumption, imports and import penetration for YTD January 2008 compared to the same 2007 one month period.

Stainless Steel
Imports of total stainless steel in YTD January 2008 were 61,607 tons, a 14.5% decrease compared to YTD January 2007; US consumption was 164,157 tons down by 25.7%; one month import penetration was 37.5%, a 4.9% point increase from 2007.

Item	Import	Change	Consp	Change	IP	Change
Sheet/Strip	40,408	1%	118,901	-18.4%	34%	6.5%
Plates	6,471	-49.50%	15,520	-57.5%	41.7%	6.7%
Bars	9,050	-24.10%	18,414	-24.2%	49.1%
Rods	2,311	-22.30%	5,149	-24.5%	44.9%	1.3%
Wire	3,367	-22.50%	6,173	-19.4%	54.5%	2.2%

Alloy tool steel
Imports in YTD January 2008 were 11,187 tons, a 37.7% increase compared to YTD January 2007; US consumption and import penetration were not calculable.

Electrical steel
Imports in YTD January 2008 were 12,789 tons, a 62.3% increase compared to YTD January 2007; US consumption was 38,679 tons, a 9.1% increase from January 2007; one month import penetration was 33.1%, a 10.9% point increase from 2007.

SSINA is a Washington DC based trade association representing virtually all continental specialty metals producers. Specialty metals are high technology, high value stainless and other specialty alloy products. Its member companies are AK Steel Corporation, ATI Allegheny Ludlum Corporation, ATI Allvac, Carpenter Technology Corporation, Crucible Specialty Metals, Electralloy, Haynes International Inc, ThyssenKrupp Mexinox SA de CV, North American Stainless, Outokumpu Stainless Inc, Precision Rolled Products Inc, Latrobe Specialty Steel Company, Universal Stainless and Alloy Products and Valbruna Slater Stainless Inc.