LOS ANGELES U.S. titanium
shipments fell year on year in the third quarter of 2012,
leaving the possibility of a third consecutive year of record
shipments in doubt.
Net mill product shipments
reached 10,600 tonnes (about 23.4 million pounds) in the third
quarter, down 4.5 percent from 11,100 tonnes in the same
year-ago period but up 5 percent from 10,100 tonnes in the
second quarter of last year, according to data released this
past week by the U.S. Geological Survey.
The USGS revised its
second-quarter 2012 figures up from a previous 8,230
Forgings and extrusion billets
accounted for 4,350 tonnes of the third-quarter total. The USGS
no longer breaks out sheet and plate dispatches.
In 2011, full-year mill product
shipments reached a record 45,500 tonnes, the second year in a
row that a new high-water mark had been reached. With shipments
through last years first three quarters running at an
annualized rate of slightly less than 41,000 tonnes, a third
consecutive record would depend on industry shipments rising in
the fourth quarter.
Ingot production, which
sometimes serves as a bellwether for mill product shipments,
rose 7.9 percent to 17,800 tonnes in the third quarter compared
with the second quarter.
Meanwhile, third-quarter scrap
receipts were at 11,000 tonnes, down 3.5 percent from the same
three-month span last year but up 1.9 percent from 10,800
tonnes in the second quarter. Purchased scrap accounted for
7,290 tonnes of that, and home scrap accounted for 3,690