Steel shipments down 2% in October, up 9.4% YTD

Tina Grady Barbaccia

December 20, 2011

The American Iron and Steel Institute (AISI) reported on Dec. 20 that for the month of October 2011, U.S. steel mills shipped 7,933,653 net tons, a 0.2 percent decrease from the 7,947,262 net tons shipped in the previous month, September 2011, and a 19.7 percent increase from the 6,629,195 net tons shipped in October 2010.

Shipments year-to-date in 2011 are 76,374,860, a 9.4 percent increase vs. 2010 shipments of 69,783,780 for ten months. 2011 shipments through October would annualize at 92 million tons, according to AISI.

A month-to-month comparison of shipments shows the following changes: cold rolled sheet, up 3 percent, hot-dipped galvanized sheets and strip, up 1 percent and hot-rolled sheet, down 6 percent

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