November steel shipments down
The American Iron and Steel Institute (AISI) reported that for the month of November 2012, U.S. steel mills shipped 7,397,149 net tons, a 0.5 percent decrease from the 7,430,267 net tons shipped in the previous month, October 2012, and a 0.2 percent decrease from the 7,409,450 net tons shipped in November 2011. Shipments year-to-date (YTD) in 2012 are 88,465,543 net tons, a 5.6 percent increase vs. 2011 shipments of 83,779,688 net tons for 11 months. 2012 shipments through November would annualize at 97 million net tons.
Shipments in November were 8 percent lower than the 2012 monthly average and slightly lower than November of 2011. Raw steel production in November was 7.5 million net tons – down 3.6 percent vs. the 7.8 million net tons produced 12 months ago.
A comparison of November shipments to the previous month of October shows the following changes: hot rolled sheet, up four percent, cold rolled sheet, down three percent and hot dipped galvanized sheets and strip, down six percent.