Stainless consumption and imports both rose sharply in April compared with the same period a year ago, according to figures from the Specialty Steel Industry of North America (SSINA).
Stainless consumption was up 12.3% from April of last year. While stainless imports grew 22.5% in the same time frame.
Stainless plate posted the most notable increase with consumption rising 44.4%. And Stainless plate imports grew a massive 56.2%.
Stainless sheet and strip consumption was up 9.1% then in April of last year. While import stainless sheet and strip increased 18.7%.
Imports of electrical and alloy tool steel were also higher, up 35.7% year on year and up 36% respectively.
Excerpts from American Metal Market July 20, 2012
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