October steel shipments up 5.9 percent

The American Iron and Steel Institute (AISI) reported that for the month of October 2007, U.S. steel mills shipped 9,238,000 net tons, a 5.9 percent increase from the 8,725,000 net tons shipped in October 2006 and an 8.8 percent increase from the 8,492,000 net tons shipped in the previous month, September 2007.

A year-to-year comparison of year-to-date shipments shows the following changes within major market classifications: service centers and distributors, down 10.5 percent; automotive has stayed the same; construction and contractors’ products, down 3.1 percent; and oil and gas, down 7.9 percent.