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U.S. Steel Shipments Up 2.7% Month-on-Month in October
12/19/2012 - The American Iron and Steel Institute (AISI) reported that for the month of October 2012, U.S. steel mills shipped 7,430,267 tons, a 2.7% increase from the 7,233,375 tons shipped in the previous month, September 2012, and a 6.3% decrease from the 7,933,653 tons shipped in October 2011.
The American Iron and Steel Institute (AISI) reported that for the month of October 2012, U.S. steel mills shipped 7,430,267 tons, a 2.7% increase from the 7,233,375 tons shipped in the previous month, September 2012, and a 6.3% decrease from the 7,933,653 tons shipped in October 2011. Shipments year-to-date (YTD) in 2012 are 81,068,394, a 6.1% increase vs. 2011 shipments of 76,374,860 for ten months. 2012 shipments through October would annualize at 97 million tons.
Shipments in October were the secondlowest monthly amount in 2012 and raw steel capacity utilization in October was 68.0%, the lowest monthly total in 2012. Raw steel production remains weak but has improved modestly with the most recent weekly utilization rate being 73.9% for the week of December 15, 2012.
A comparison of October shipments to the previous month of September shows the following changes: hot rolled sheet, up 6%, hot dipped galvanized sheets and strip, up 3% and cold rolled sheet, no change.
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 125 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
