Tag: Specialty Steel Industry of North America
Specialty Steel Industry of North America has reported that US stainless steel bar and rod import for the first 8 months was up by 12% year-on-year while import for stainless steel wire remain unchanged.
Already struggling with a flat economy and weak demand, US specialty steel producers lost additional domestic market share to imports in the first eight months of this year compared to same 2002 period.
The Specialty Steel Industry of North America (SSINA) has asked industry executive Stephan Lacor to spearhead domestic marketing initiatives aimed at developing new markets and increasing market share for stainless steel products.
The Specialty Steel Industry of North America and the United Steelworkers of America have written to President Bush expressing their concerns about surging imports of stainless steel from India.
The latest statistical data released by the Specialty Steel Industry of North America (SSINA) reflect that the Bush Administration’s import relief programme, which went into effect in March 2002, appears to be working for the stainless steel products covered by the programme.
The specialty steel industry confronted yet another year of substantial losses of US market share to imports, according to year-end data released by the Specialty Steel Industry of North America (SSINA).
Stainless steel imports and import penetration increased in January/November 2002 compared to the same 2001 period, according to the Specialty Steel Industry of North America (SSINA).
Imports of stainless steel into the United States during the 2002 January/October period were 442,967 tons, up 4% compared with the same 2001 period.
The Specialty Steel Industry of North America (SSINA) has denounced a recent World Trade Organization (WTO) decision, charging that it is an intrusion on US sovereignty and lacks support in the international agreements.
Despite the announcement earlier this year of President Bush's import relief programme, year-to-date US imports of total stainless steel increased 2% through August 2002 compared to the same 2001 period, according to SSINA.
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