U.S. Steel Shipments Drop 5% in June
08/20/2012 - The American Iron and Steel Institute reported that for the month of June 2012, U.S. steel mills shipped 8,016,834 tons, a 5.0% decrease from the 8,436,831 tons shipped in the previous month and a 4.9% increase from the 7,639,108 tons shipped in June 2011.
The American Iron and Steel Institute (AISI) reported that for the month of June 2012, U.S. steel mills shipped 8,016,834 tons, a 5.0% decrease from the 8,436,831 tons shipped in the previous month, May 2012, and a 4.9% increase from the 7,639,108 tons shipped in June 2011. Shipments year-to-date in 2012 are 50,117,104 tons, an 11.9% increase vs. 2011 shipments of 44,779,857 tons for six months.
Shipments in Q2 2012 (April through June) were 24,699,004 tons, a 2.8% decrease vs. Q1 (January thru March) shipments of 25,418,100 tons. Similarly, the capacity utilization rate for raw steel production has also been trending downward with the week ending August 11, 2012 at 76.9% utilization compared to the Q1 utilization rate of 79.3% and the Q2 utilization rate of 78.3%.
A month-to-month comparison of shipments shows the following changes: hot rolled sheet, up 2%, cold rolled sheet, down 6% and hot dipped galvanized sheets and strip, down 13%.
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 25 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.
