Specialty steel industry data of North America

Specialty steel industry data of North America

According to the data released by the Specialty Steel Industry of North America (SSINA), US specialty steel consumption rose by 8% in Jan-Jul period from a year earlier to 1.64 million tons. The increase, however, did not offset a 14% year-on-year rise in imports to 449'187 tons. Demand for stainless steel, the industry's largest product category, reached 1.38 million tons in the first seven months of the year with a rise of 11% compared to the same period of last year. Imports of stainless steel rose by 19% to 353'191 tons. Stainless steel sheet/strip import tonnage amounted to 215'871 tons, up by 21% while demand showed a rise of 12% and reached 1.02 million tons. Imports of stainless steel rod increased by 6% to 25'116 tons while US consumption jumped by 21% to 51'245 tons. Stainless steel bar imports were up by 1% to 44'590 tons and stainless steel bar consumption in the US was recorded as 115'414 tons, up by 5%.