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Stainless Steel: Imports Up, U.S. Consumption Down

Stainless Steel: Imports Up, U.S. Consumption Down

Tuesday, July 3, 2007
 
First-quarter statistics from the Specialty Steel Industry of North America (SSINA), Washington D.C., indicate that imports of total stainless-steel products—sheet, plate, bar, rod and wire—are up 9 percent over year-to-date imports from the previous year. Over the same period, U.S. consumption decreased by 4 percent compared to last year. By product category, imports of stainless-steel sheet and strip through the first quarter decreased by 8 percent compared to the same period last year, and U.S. consumption dropped by 13 percent. However, imports of plate products jumped by 90 percent while consumption climbed by 31 percent. Imports of tool steels, says SSINA, decreased by 5 percent through the first quarter compared to the year earlier (the association did not offer data on U.S. consumption of tool steels).

 

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