July steel shipments down
The American Iron and Steel Institute (AISI) reported that for the month of July 2012, U.S. steel mills shipped 7,910,486 net tons, a 1.3 percent decrease from the 8,016,834 net tons shipped in the previous month, June 2012, and a 6.8 percent increase from the 7,409,450 net tons shipped in July 2011. Shipments year-to-date in 2012 are 58,027,590, an 11.2 percent increase vs. 2011 shipments of 52,189,307 for 7 months.
Shipments in July were the lowest monthly amount in 2012. The July tonnage of 7,910,486 was 7.1 percent lower than the peak 2012 monthly shipments of 8,512,825 tons in March. Raw Steel Production recently experienced its 2012 low in weekly production with production for the week of September 8, 2012 at 73.3 percent, the first 2012 weekly utilization figure below 74 percent.
A month-to-month comparison of shipments shows the following changes: hot rolled sheet, up 5 percent, cold rolled sheet, down 2 percent and hot dipped galvanized sheets and strip, down 5 percent.