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May 30, 2012
U.S. imports of specialty steel totaled 171,093 tons through February, a 2.9 percent increase compared to the first two months of 2011, according to the latest data from the Specialty Steel Industry of North America, Washington, D.C. U.S. consumption was 477,427 tons, a 9.7 percent increase and two-month import penetration was 35.8 percent, a 2.4 percentage point decrease from 2011.
The following data represents imports and U.S consumption for the first two months of 2012, compared to the same period in 2011, by specialty steel product line:
- Stainless steel sheet/strip: Imports were 53,323 tons, a 21.4 percent decrease; U.S. consumption was 273,206 tons, a 1.4 percent increase.
- Stainless steel plate: Imports were 38,518 tons, a 49.9 percent increase; U.S. consumption was 78,196 tons, a 41.0 percent increase.
- Stainless steel bar: Imports were 23,890 tons, a 12.6 percent increase; U.S. consumption was 44,428 tons, a 5.2 percent increase.
- Stainless steel rod: Imports were 4,796 tons, a 2.6 percent increase; U.S. consumption was 11,309 tons, an 11.6 percent decrease.
- Stainless steel wire: Imports were 7,268 tons, a 3.1 percent decrease; U.S. consumption was 10,017 tons, a 1.5 percent increase.
- Alloy tool steel: Imports were 24,199 tons, a 29.1 percent increase; U.S. consumption was not calculable.
- Electrical steel: Imports were 19,099 tons, a 7.2 percent decrease; U.S. consumption was 46,116 tons, a 39.7 percent increase.
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