January Steel Shipments up 11.3 Percent fro December 2002

Washington, DC— The American Iron and Steel Institute (AISI) reported that for the first month of 2003, U.S. steel mills shipped 8,435,000 net tons, a 7.5 percent increase from the 7,846,000 net tons shipped in January 2002, and an 11.3 percent increase from the 7,577,000 net tons shipped in the previous month, December 2002.

A year-to-year comparison of shipments shows the following changes within major market classifications: service centers and distributors, up 0.3 percent; automotive, up 0.6 percent; construction and contractors' products, down 2.9 percent; oil and gas, up 33.7 percent; machinery, industrial equipment and tools, up 9.8 percent; appliances, utensils and cutlery, up 5.8 percent; containers, packaging and shipping materials, down 12.8 percent; and, electrical equipment, down 2.8 percent.

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