Steel shipments up 6.3 percent year-to-date
Tina Grady Barbaccia | July 18, 2011
The American Iron and Steel Institute (AISI) reported on July 18 that for the month of May 2011, U.S. steel mills shipped 7,380,064 net tons, a 1.7 percent increase from the 7,258,534 net tons shipped in the previous month, April 2011, and a 0.5 percent increase from the 7,345,455 net tons shipped in May 2010.
Shipments year-to-date in 2011 are 37,140,749, a 6.3 percent increase versus 2010 shipments of 34,940,934 for five months, according to AISI. 2011 shipments through May would annualize at 89 million tons.
A month-to-month comparison of shipments shows the following changes: cold rolled sheet, up 4 percent, hot dipped galvanized sheet and strip, up 4 percent and hot rolled sheet, down 0.1 percent, the Institute reported.
MORE FROM Economics
- 5 freeway bridges in need of repair following accident970 Views
- 4 dead after semi hits stopped vehicles917 Views
- Several deficiencies exposed in Skagit River Bridge collapse712 Views
- VIDEO: Massive steel beam falls off trailer, snatches semi truck onto its side553 Views
- President Obama to urge for private investments303 Views