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September 2007

May steel shipments down

The American Iron and Steel Institute (AISI) reported that for the month of May 2007, steel mills in the United States shipped 9,087,000 net tons, an 8.2 percent decrease from the 9,895,000 net tons shipped in May 2006 and a 2.6 percent increase from the 8,849,000 net tons shipped in the previous month, April 2007.

A year-to-year comparison of year-to-date shipments shows the following changes within major market classifications: service centers and distributors, down 9.3 percent; automotive, down 2.4 percent; construction and contractors’ products, down 2.6 percent; and oil and gas, down 9.5 percent.