Global titanium shipments to rise, but at slower pace: Timet

Apr 30, 2012 | 07:00 PM | AMM staff

Tags  titanium market, aerospace demand, Titanium Metals Corp., titanium forecast, Richard J. Harshman, Carlos Bello, Femia

Global shipments of titanium mill products, spurred by both commercial aerospace and industrial demand, will rise 7 to 10 percent this year after jumping more than 24 percent in 2011, Titanium Metals Corp. (Timet) forecast in documents filed with the U.S. Securities and Exchange Commission (SEC).

Dallas-based Timet, which estimated that it accounted for 15 percent of all global mill product shipments in both 2010 and 2011, estimated in the SEC filing that the global industry’s dispatches grew 24.1 percent to 108,000 tonnes (about 238.1 million pounds) last year from 87,000 tonnes (191.8 million pounds) in 2010.....

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