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Steel shipments up 6.3 percent year-to-date

Posted By Tina Grady Barbaccia On July 18, 2011 @ 11:18 pm In Economics,News & Analysis | No Comments

The American Iron and Steel Institute (AISI) [1] reported on July 18 that for the month of May 2011, U.S. steel mills shipped 7,380,064 net tons, a 1.7 percent increase from the 7,258,534 net tons shipped in the previous month, April 2011, and a 0.5 percent increase from the 7,345,455 net tons shipped in May 2010.

Shipments year-to-date in 2011 are 37,140,749, a 6.3 percent increase versus 2010 shipments of 34,940,934 for five months, according to AISI. 2011 shipments through May would annualize at 89 million tons.

A month-to-month comparison of shipments shows the following changes: cold rolled sheet, up 4 percent, hot dipped galvanized sheet and strip, up 4 percent and hot rolled sheet, down 0.1 percent, the Institute reported.

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[1] American Iron and Steel Institute (AISI): http://www.steel.org

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