The most recent report released by the American Iron and Steel Institute (AISI)- the association of North American steel producers indicates that the US steel mill shipments increased 3.5% during the month of October this year when compared with the previous month. However, the shipments in October 2015 were down sharply by 13.4% when compared with the figures recorded during same month the previous year.
According to AISI, the US steel mills shipment for the month of October totaled 7,369,472 net tons, higher by 3.5% when compared with the total shipments of 7,120,663 net tons during September this year. Meantime, steel shipments in October this year witnessed considerable decline over the previous year. Steel shipments dropped by 13.4% during October ‘15, when compared with the 8,508,477 net tons shipment during the same month last year.
The US steel shipments for the initial ten-month period of the year declined by 11% to 73.532 million net tons as against 82.632 million tons shipment during the corresponding ten-month period from January to October last year.
The products which witnessed sizable changes in shipments during the month of October when compared with the previous month were: hot rolled sheet, up 8 percent, cold rolled sheet, up 2 percent and hot dipped galvanized sheets and strip, up 1 percent.
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