No titanium rebound seen until second half

Apr 19, 2013 | 01:15 PM | Frank Haflich

Tags  titanium, U.S. Geological Survey, titanium shipments, titanium scrap, titanium ingot, titanium mill products, IHS Global Insight, John Mothersole Frank Haflich

LOS ANGELES — U.S. titanium shipments unexpectedly fell 13 percent last year, and industry observers said a turnaround may not begin until the second half of 2013 at the earliest.

Mill product shipments totaled 39,600 tonnes (87.3 million pounds), down from a record 45,500 tonnes (100.3 million pounds) in 2011, according to U.S. Geological Survey (USGS) data.

"This was below my expectations," one industry analyst said. Like many others, the analyst had expected 2012 shipments to at least match, if not exceed, the previous year’s figure. ....

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