SSINA Releases Market Data For June 2011

Sep 09, 2011, 18:35 ET from Specialty Steel Industry of North America

WASHINGTON, Sept. 9, 2011 /PRNewswire-USNewswire/ -- The Specialty Steel Industry of North America ("SSINA") has released statistical data on imports, U.S. consumption, and import penetration for YTD June 2011. The data represents U.S. consumption, imports, and import penetration for June 2011 compared to the same 2010 six 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 June 2011 were 210,847 tons, a 20.7% increase compared to YTD June 2010; U.S. consumption was 836,401 tons, a 32.5% increase; six month import penetration was 25.2%, a 2.5 percentage point decrease from 2010.
  • Stainless steel plate: Imports in YTD June 2011 were 82,958 tons, a 136.0% increase compared to YTD June 2010; U.S. consumption was 175,428 tons, a 53.9% increase; six month import penetration was 47.3%, an 16.5 percentage point increase from 2010.
  • Stainless steel bar: Imports in YTD June 2011 were 73,149 tons, a 49.3% increase compared to YTD June 2010; U.S. consumption was 137,268 tons, a 34.6% increase; six month import penetration was 53.3%, a 5.2 percentage point increase from 2010.
  • Stainless steel rod: Imports in YTD June 2011 were 15,509 tons, a 32.8% increase compared to YTD June 2010; U.S. consumption was 41,613 tons, a 36.5% increase; six month import penetration was 37.3%, a 1.0 percentage point decrease from 2010.
  • Stainless steel wire: Imports in YTD June 2011 were 23,806 tons, a 11.9% increase compared to YTD June 2010; U.S. consumption was 28,496 tons, a 1.5% increase; six month import penetration was 83.5%, a 7.7 percentage point increase from 2010.

Imports of total stainless steel (comprising the foregoing product lines) in YTD June 2011 were 406,269 tons, a 39.2% increase compared to YTD June 2010; U.S. consumption was 1,219,207 tons, a 34.6% increase; six month import penetration was 33.3%, a 1.1 percentage point increase from 2010.

  • Alloy tool steel: Imports in YTD June 2011 were 53,055 tons, a 52.4% increase compared to YTD June 2010; U.S. consumption and import penetration were not calculable.
  • Electrical steel: Imports in YTD June 2011 were 55,031 tons, a 21.7% increase compared to YTD June 2010; U.S. consumption was 86,932 tons, a 17.0% decrease from YTD June 2010; six month import penetration was 63.3%, a 20.1 percentage point increase from 2010.

Imports of total specialty steel (comprising stainless steel, alloy tool steel and electrical steel) in YTD June 2011 were 514,354 tons, a 38.3% increase compared to YTD June 2010; U.S. consumption was 1,335,577 tons, a 29.4% increase; six month import penetration was 38.5%, a 2.5 percentage point increase from 2010.

For additional data on imports, U.S. consumption and import penetration for 2011 and 2010 please refer to the attached chart.

About Specialty Steel Industry of North America

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, NC (both Allegheny Technologies companies); Carpenter Technology Corporation, Reading, PA; Crucible Industries, Solvay, NY; Electralloy, Oil City, PA; North American Stainless, Ghent, KY; Outokumpu Stainless, Inc., Schaumburg, IL; Latrobe Specialty Steel Company, Latrobe, PA; Universal Stainless and Alloy Products, Bridgeville, PA; and Valbruna Slater Stainless Inc., Fort Wayne, IN.

U.S. Imports, Consumption and Market Penetration Data

For Specialty Steel Product Lines

2011/2010/2009

(in short tons)






IMPORTS

U.S. CONSUMPTION

Six Month

Import Penetration

Specialty Steel

Product Lines

MONTH

JUNE

2011

YTD

JUNE

2011

Increase/

Decrease

YTD 2011-10

MONTH

JUNE

2011

YTD

JUNE

2011

Increase/

Decrease

YTD 2011-10

YTD

JUNE

2011

YTD

JUNE

2010

Stainless Sheet/Strip

37,465

210,847

20.7%

119,173

836,401

32.5%

25.2%

27.7%

Stainless Plate

14,150

82,958

136.0%

27,608

175,428

53.9%

47.3%

30.8%

Stainless Bar

12,566

73,149

49.3%

23,234

137,268

34.6%

53.3%

48.1%

Stainless Rod

2,628

15,509

32.8%

7,397

41,613

36.5%

37.3%

38.3%

Stainless Wire 1/

3,872

23,806

11.9%

4,713

28,496

1.5%

83.5%

75.8%

Total Stainless Steel

(Sheet, Strip, Plate, Bar, Rod & Wire)

70,681

406,269

39.2%

182,124

1,219,207

34.6%

33.3%

32.2%

Alloy Tool Steel 2/

8,258

53,055

52.4%

NC

NC

NC

NC

NC

Electrical Steel

7,800

55,031

21.7%

22,438

86,932

-17.0%

63.3%

43.2%

Total Specialty

86,739

514,354

38.3%

208,603

1,335,577

29.4%

38.5%

36.0%












2010 AND 2009 STATISTICAL DATA IN TONS AS FOLLOWS:



IMPORTS

U.S. CONSUMPTION

Twelve Month

Import Penetration

Specialty Steel

Product Lines

2010

Increase/

Decrease

2010 vs. 2009

2010

Increase/

Decrease

10 vs. 09

2010

2009

Stainless Sheet/Strip

387,564

76.4%

1,250,105

29.6%

31.0%

22.8%

Stainless Plate

97,414

92.1%

258,881

44.0%

37.6%

28.2%

Stainless Bar

108,621

46.4%

218,319

48.9%

49.8%

50.6%

Stainless Rod

24,306

68.4%

65,391

78.0%

37.2%

39.3%

Stainless Wire

44,790

41.0%

57,587

36.2%

77.8%

75.2%

Total Stainless Steel

(Sheet, Strip, Plate, Bar, Rod & Wire)

662,695

69.6%

1,850,283

35.0%

35.8%

28.5%

Alloy Tool Steel 2/

85,046

125.9%

NC

NC

NC

NC

Electrical Steel

94,314

43.7%

196,549

-1.0%

48.0%

33.1%

Total Specialty

842,055

70.4%

2,100,227

31.9%

40.1%

31.0%








NOTE: Changes in import penetration are percentage point changes.


1/ Monthly and year-to-date 2011 shipments of wire are estimated based on January - June 2010 data.

2/ Shipments of Alloy Tool Steel unavailable; hence consumption and import penetration not calculable.


NC = Not calculable.


Prepared by Georgetown Economic Services for the Specialty Steel Industry of North America



SOURCE Specialty Steel Industry of North America