Specialty Steel Imports Climb 54 Percent Through First Quarter

Specialty steel imports through March totaled 255,551 tons, a 53.9 percent increase compared to the first three months of 2010, according to the latest data from the Specialty Steel Industry of North America, Washington, D.C. U.S. consumption was 709,461 tons, up 38.4 percent from the previous year, while three-month import penetration totaled 36.0 percent, a 3.6 percentage point increase from 2010.

The following data for the year-to-date, compared to the first three months of 2010, is presented by specialty steel product line:

• Stainless steel sheet/strip: Imports were 101,624 tons, a 29.1 percent increase; U.S. consumption was 450,356 tons, a 42.4 percent increase.

• Stainless steel plate: Imports were 43,322 tons, a 160.7 percent increase; U.S. consumption was 93,761 tons, a 58.3 percent increase.

• Stainless steel bar: Imports were 34,966 tons, a 68.9 percent increase; U.S. consumption was 67,478 tons, a 47.3 percent increase.

• Stainless steel rod: Imports were 7,005 tons, a 24.9 percent increase; U.S. consumption was 19,549 tons, a 37.0 percent increase.

• Stainless steel wire: Imports were 11,702 tons, a 14.0 percent increase; U.S. consumption was 14,116 tons, a 5.5 percent.

• Alloy tool steel: Imports were 27,076 tons, a 96.3 percent increase; U.S. consumption was not calculable.

• Electrical steel: Imports were 29,856 tons, a 46.3 percent; U.S. consumption was 47,466 tons, a 14.5 percent decrease.

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Saturday, July 23, 2016