February Steel Shipments Down 7.5% from January
04/19/2011 - U.S. steel mills shipped 6,967,481 net tons for the month of February 2011, a 7.5% decrease from the 7,528,655 net tons shipped in the previous month, according to the latest report from AISI.
U.S. steel mills shipped 6,967,481 net tons for the month of February 2011, according to the latest report from the American Iron and Steel Institute (AISI).
The February total represents a 7.5% decrease from the 7,528,655 net tons shipped in the previous month, January 2011, and a 10.4% increase from the 6,311,076 net tons shipped in February 2010.
Year-to-date shipments are 14,496,136 net tons, a 12.5% increase vs. 2010 shipments of 12,890,884 net tons for the comparable two-month period. 2011 shipments through February would annualize at 87 million tons.
A month-to-month comparison of shipments shows the following changes:
· Hot dip galvanized sheet and strip, down 5%
· Cold rolled sheet, down 5%
· Hot rolled sheet, down 7%
AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. The Institute comprises 25 member companies, including integrated and electric furnace steelmakers, and 118 associate and affiliate members who are suppliers to or customers of the steel industry.
