AISI Posted 12% Dip in U.S. Steel Shipments
Posted on 13 January 2021
The monthly steel shipment data published by the American Iron and Steel Institute (AISI) suggests substantial decline during the month of November last year compared with the same month a year before. However, the shipments surged higher over the previous month. Meantime, the year-to-date shipments by mills were down significantly over 2019.
According to AISI data, the steel mills shipped 6.753 million net tons in November 2020. This is down by 11.9% from the shipments of 7.665 million net tons in the same month in 2019. The shipments during the month recorded marginal increase by 0.1% from the prior month. It must be noted that the shipments had totalled 6.748 million net tons in October last year.
The AISI data indicates that year-to-date steel shipments by the U.S. until November totalled 73.951 million net tons in 2020. This is modestly lower by 16.1% when matched with those during the corresponding period in 2019. The shipments had totalled 88.157 million net tons during the initial eleven-month period in 2019.
The report provides month-on-month comparison of shipment volumes of various steel products. The shipments of hot rolled sheets remained unchanged from October 2020. The shipments of cold rolled sheet surged higher by 4%, whereas those of hot dipped galvanized sheet and strip recorded 2% month-on-month decline.Source : Scrap Monster