NEW YORK U.S. stainless steel consumption and imports dropped in November compared with the same month a year earlier, according to data from the Specialty Steel Industry of North America (SSINA).
Domestic consumption of all stainless products totaled 186,533 short tons, down 2.4 percent from 191,202 tons in November 2011, while imports slipped 2.5 percent to 62,454 tons from 64,065 tons in the same comparison.
Stainless steel plate recorded the most notable decreases. Consumption of 25,829 tons in November was down 37.1 percent from 41,031 tons a year earlier, and imports fell 40.3 percent to 12,767 tons from 21,368 tons.
Stainless sheet and strip products bucked the downward trend, with consumption increasing 11.6 percent to 133,093 tons from 119,231 tons in November 2012 and imports jumping 37.2 percent to 33,683 tons from 24,548 tons in the same comparison.
Alloy tool steel imports dropped 46.7 percent to 5,659 tons in November from 10,624 tons a year earlier, while electrical steel imports increased 15 percent to 13,443 tons from 11,685 tons.