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|Japan 2011 Hot-Rolled SUS Production Drops Y-O-Y|
|= Down by 5% from 2010; both Cr-alloyed and Ni-alloyed dropped =|
According to the data released by Ministry of Economy, Trade and Industry on February 14, details of the output of hot-rolled stainless steel during 2011 as well as in the single month of December were as per the table attached hereto.|
The table shows total production in 2011 was 2,930,318 tons, down by 5.0% from 2010. January production was more than 270,000 ton, but it never reached such high in the subsequent months throughout the year. Especially it substantially fell in November and December due to the curtailment.
Breakdown by alloy category was as follows, <> Cr-alloyed group stainless steel: 1,351,644 tons (Cr-alloyed: 1,148,539 tons and Cr/Mo-alloyed: 203,105 tons), down by 5.7% from 2010, <> Ni-alloyed group stainless steel: 1,578,674 tons (Cr/Mn-alloyed: 57,219 tons, Ni/Cr-alloyed: 1,240,384 tons, Ni/Cr/Mo-alloyed: 281,071 tons), down by 4.4% from 2010, <> other special steel: 83,271 tons.
Total production in December was 196,442 tons, down by 6.7% from November. December production went below 200,000 ton level due to the curtailment as said above. Although nickel-alloyed group slightly recovered from November, the big drop by 16.8% from November in Cr-alloyed group made the month's production the lowest since June of 2009 when it was 69,707 tons. Production of other special steel in December was 6,739 tons down by 19.0%.
End-December inventory of all the stainless steel alloys at the mills was 122,684 tons in total, down by 3.9% from end-November. Inventory of other special steel was 3,509 tons, down by 2.6% from end-November. Despite the lower December production by 14,114 tons from November, the inventory dropped by only 5,041 tons, while December exports were up from November. This means a sharp slowdown in domestic consumption.
|last modified : Tue 21 Feb, 2012 [11:42]|