AISI: U.S Steel Shipments Surged 5.6% in November
The latest trade data published by the American Iron and Steel Institute (AISI) suggests notable surge in steel shipments by the U.S. mills during November 2018, when compared with the same month a year before. On the contrary, the shipments during Nov ’18 declined upon comparison with the prior month.
AISI figures indicate that the U.S. steel mills shipped 7.832 million net tons of material in November 2018. This is significantly higher by 5.6% when compared with the previous year. The U.S. steel mill shipments had totaled only 7.420 million net tons in November 2017. A comparison with the prior month shows that the shipments were down by 4.2% from the 8.175 million net tons shipped during October 2018.
The November shipments indicates significant decline in shipment volumes of hot dipped galvanized sheets and strip, whose shipments slumped by 8% month-on-month. Also, the shipments of hot rolled sheets and cold rolled sheets too recorded notable decline, falling by 6% each.
The collective steel shipments during the first eleven months of 2018 totaled 87.475 million net tons. This is higher by 4.7% when compared with the shipments during the corresponding eleven-month period in 2017. AISI data states that U.S. steel mill shipments had totaled 83.558 million net tons during Jan-Nov ’17.
Meantime, the weekly raw steel production by the U.S. mills surged higher by over 10% to total 1.876 million net tons during the week ended January 5, 2019.