AISI reports U.S. steel mills ship 7.6% more steel in 2012 versus 2011
The American Iron and Steel Institute, Washington, D.C., reports that U.S. steel shipments year-to-date in 2012 are 73,628,127, a 7.6% increase vs. 2011 shipments of 68,441,207 for nine months. 2012 shipments through September would annualize at 98 million tons. For the month of September 2012, U.S. steel mills shipped 7,233,375 net tons, a 13.7% decrease from the 8,377,162 net tons shipped in August, and a 9.0% decrease from the 7,947,262 net tons shipped in September 2011.
Shipments in September were down 13% vs. the 2012 monthly average through August and were the lowest monthly shipment total since February 2011. Raw Steel Capacity Utilization in September was 70.4%, the lowest monthly total in 2012. Raw Steel Production continues to be weak and recorded its lowest 2012 utilization figure during the week ended October 27 at 67.9%. The current Weekly Production utilization is 70.7% for the week ending November 10, 2012.