Steel Shipments Down 54.8% in March
05/20/2009 - U.S. steel mills shipped 4,138,000 net tons of steel for the month of March 2009, a 54.8% decrease from March 2008 and a 4.2% decrease from February 2009, according to the latest report from AISI.
U.S. steel mills shipped 4,138,000 net tons of steel for the month of March 2009, according to the latest report from the American Iron and Steel Institute (AISI).
The report, which is based on the latest U.S. Census Bureau, shows that the March total reflects a 54.8% decrease from the 9,158,000 net tons shipped in March 2008 and a 4.2% decrease from the 4,320,000 net tons shipped in the previous month, February 2009.
A year-to-year comparison of year-to-date shipments shows the following changes within major market classifications:
· Service centers and distributors, - 54.9%
· Automotive, - 55.2%
· Construction and contractors’ products, - 56.0%
· Oil and gas, - 48.4%
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 24 member companies, including integrated and electric furnace steelmakers, and 138 associate and affiliate members who are suppliers to or customers of the steel industry.
