Author: 24 Feb 2012 Last updated at 04:05:47 GMT

US stainless steel consumption gains 8.3% Y-o-Y in Dec 2011: SSINA

NEW YORK (Scrap Monster): The United States stainless steel imports declined by 3.1% year-on-year to 64,065 metric tons in November 2011, according to the data released by the Specialty Steel Industry of North America (SSINA).|

According to the data, US stainless sheet and strip import decreased sharply by 35.4% year-on-year to 24,548 tons in November and stainless plate import advanced by 99.6% to 21,368 tons in November.

Stainless bar import increased by 2.8% year-on-year to 11,173 tons and stainless rod gained sharply by 18% to 2,615 tons. Stainless wire import advanced by 0.2% to 4,362 tons in November.

In December 2011, the US consumption of stainless steel totaled 191,202 tons, up by 8.3% in comparison of 176,512 tons in the same period of 2010.

The consumption of stainless sheet and strip totaled 119,231 tons, up by 2.8%; that of stainless plate was 41,031 tons, rising by 43%; that of stainless bar was 19,252 tons, down by 7.4%; that of stainless rod was 6,167 tons, increasing by 8.2% and that of stainless wire was 5,522 tons, surging by 3.6%, all compared to that in November, 2010.

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Scrap Item Price Unit
Old Sheet 0.68 $US / Lb
Al/Cu Radiators 1.56 $US / Lb
Old Cast 0.69 $US / Lb
6063 Extrusions 0.80 $US / Lb
Zorba 90% NF 0.70 $US / Lb
6061 Extrusions 0.78 $US / Lb
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