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U.S. producers’ production and shipments of CFSP increased in each year of the POI, and were higher in interim 2006 as compared with interim 2005.137 138 Overall industry capacity rose from 2003 to 2 0 0 4 , a n d t h e n d e c l i n e d s l i g h t l y i n 2 0 0 5 b u t r e m a i n e d h i g h e r t h a n i n 2 0 0 3 . C a p a c i t y w a s h i g h e r i n interim 2006 than in interim 2005.139 Capacity utilization fell slightly from 2003 to 2004, and then rose in

2005. Capacity utilization was lower in interim 2006 than in interim 2005.140 The average number of production-related workers and hours worked fell from 2003 to 2004, rose in 2005, and was lower in interim 2006 than in interim 2005.141 Wages paid declined from 2003 to 2005, and were lower in interim 2006 than in interim 2005.142 Productivity increased throughout the POI. 143

Operating income fell sharply from 2003 to 2004, and then recovered somewhat in 2005, and also was higher in interim 2006 as compared with interim 2005.144 The domestic industry’s ratio of operating income to sales followed a similar pattern.145 Cost of goods sold (“COGS”) as a ratio to sales increased from 2003 to 2004, and declined in 2005, and also was lower in interim 2006 than in interim 2005. 146

137 Production increased from 4.272 million short tons in 2003 to 4.360 million short tons in 2004 and to 4.598 million short tons in 2005. Production was higher in interim 2006 (3.503 million short tons) than in interim 2005 (3.416 million short tons). CR/PR at Table C-1.

138 U.S. shipments increased from 3.925 million short tons in 2003 to 4.171 million short tons in 2004, and to 4.265 million short tons in 2005. U.S. shipments were higher (3.319 million short tons) in interim 2006 than in interim 2005 (3.159 million short tons). CR/PR at Table C-1.

139 Domestic production capacity increased from 4.742 million short tons in 2003 to 4.855 million short tons in 2004, and declined to 4.834 million short tons in 2005. Capacity was higher (3.897 million short tons) in interim 2006 than in interim 2005 (3.416 million short tons). CR/PR at Table C-1.

140 Capacity utilization fell from 90.1 percent in 2003 to 89.8 percent in 2004, and then rose to 95.1 percent in 2005. Capacity utilization was lower in interim 2006 (89.9 percent) than in interim 2005 (94.2 percent). CR/PR at Table C-1.

141 The average number of production workers decreased from 7,390 in 2003 to 7,112 in 2004, and rose to 7,464 in 2005. The average number of workers was lower in interim 2006 (7,095) than in interim 2005 (7,382). Hours worked decreased from 16.3 million in 2003 to 15.9 million in 2004, and increased to 16.7 million in 2005. Hours worked were lower in interim 2006 (12.3 million) than in interim 2005 (12.7 million). CR/PR at Table C-1.

142 Wages paid were $428.4 million in 2003, $425.5 million in 2004, $423.7 million in 2005. Wages paid during the interim periods were $323.3 million in interim 2005 and $315.8 million in interim 2006. CR/PR at Table C-1.

143 Productivity increased from 261.4 tons/1,000 hours in 2003 to 272.2 tons/1,000 hours in 2004, and to 273.7 tons/1,000 hours in 2004. Productivity was higher in interim 2006 (268.8 tons/1,000 hours worked) than in interim 2005 (284.3 tons/1,000 hours worked). CR/PR at Table C-1.

End-of-period inventories declined from 676,439 short tons in 2003, to 600,337 short tons in 2004, and rose to 656,751 short tons in 2005. End-of-period inventories were 661,641 short tons in interim 2005 and 621,468 short tons in interim 2006. CR/PR at Table C-1.

144 Operating income decreased from $19.3 million in 2003 to a loss of $127.2 million in 2004, then rose to $2.8 million in 2005. Operating income was higher in interim 2006 (124.0 million) than in interim 2005 (a loss of $920,000). CR/PR at Table C-1.

145 Operating margins declined from 0.5 percent in 2003 to a negative 3.5 percent in 2004, and then rose to 0.1 percent in 2005. In interim 2006, operating margins were 3.9 percent, as compared with 0.0 percent in interim 2005. CR/PR at Table C-1.

146 COGS was 91.7 percent of sales in 2003, 96.6 percent of sales in 2004, and 93.6 percent of sales in 2005. The ratio of COGS to sales was lower in interim 2006 (89.6 percent) than in interim 2005 (93.6 percent). CR/PR at Table C-1.

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