May 2008

January steel shipments up 7.3 percent

The American Iron and Steel Institute (AISI) reported that for the month of January 2008, United States steel mills shipped 9,246,000 net tons, a 7.3 percent increase from the 8,614,000 net tons shipped in January 2007 and an 8.8 percent increase from the 8,495,000 net tons shipped in the previous month, December 2007.

A year-to-year comparison of year-to-date shipments shows the following changes within major market classifications: service centers and distributors, up 9.3 percent; automotive, up 1.3 percent; construction and contractors’ products, up 8.5 percent; and oil and gas, up 3.2 percent.