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February U.S. Steel Shipments Drop 9.4% M-o-M and 11.5% Y-o-Y

The American Iron and Steel Institute (AISI) reported that for the month of February 2013, U.S. steel mills shipped 7,436,388 tons, a 9.4% decrease from the 8,210,726 tons shipped in the previous month and a 11.5% decrease from the 8,407,343 tons shipped in February 2012. Shipments year-to-date (YTD) in 2013 are 15,647,114 tons, a 7.4% decrease vs. 2012 shipments of 16,905,275 tons for two months.  
The daily shipment average for February was 265,585 tons, a 0.3% increase from the January daily shipment average of 264,862 tons. A comparison of February shipments to the previous month of January shows the following changes: cold rolled sheet, down 5%, hot dipped galvanized sheets and strip, down 5% and hot rolled sheet, down 11%.

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. AISI is comprised of 24 member companies, including integrated and electric furnace steelmakers, and 124 associate members who are suppliers to or customers of the steel industry. AISI’s member companies represent over three quarters of both U.S. and North American steel capacity.