September steel shipments down
The American Iron and Steel Institute (AISI) reported that for the month of September 2012, U.S. steel mills shipped 7,233,375 net tons, a 13.7 percent decrease from the 8,377,162 net tons shipped in the previous month, August 2012, and a 9.0 percent decrease from the 7,947,262 net tons shipped in September 2011. Shipments year-to-date (YTD) in 2012 are 73,628,127, a 7.6 percent increase vs. 2011 shipments of 68,441,207 for nine months. 2012 shipments through September would annualize at 98 million tons.
Shipments in September were down 13 percent vs. the 2012 monthly average through August and were the lowest monthly shipment total since February 2011. Raw Steel Capacity Utilization in September was 70.4 percent, the lowest monthly total in 2012. Raw Steel Production continues to be weak and recorded its lowest 2012 utilization figure during the week ended October 27 at 67.9 percent. The current Weekly Production utilization is 70.7 percent for the week ending November 10, 2012.
A comparison of September shipments to the previous month of August shows the following changes: cold rolled sheet, down 6 percent, hot dipped galvanized sheets and strip, down 11 percent and hot rolled sheet, down 22 percent.