US specialty steel import growth outpaces consumption
US imports of specialty steel and stainless steel increased year-on-year during the January-November 2004 period, according to statistics provided by the Specialty Steel Industry of North America (SSINA). The data show that total stainless steel imports increased 32% to 600'392 tons. Imports of total specialty steel (including stainless steel, alloy tool steel, and electrical steel) increased 25% year-on-year to 765'763 tons. On the other hand, US consumption increased only 13% to 2'199'729 tons. The specialty steel product with the largest import growth was stainless sheet/strip, which expanded 37% to 382'680 tons. At the same time, stainless sheet/strip also experienced the greatest spike in consumption, climbing 15% year-on-year to 1'653'727 tons.US specialty steel import growth outpaces consumption
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