WORLD PRODUCTION HEADLINESWorld Production
November Steel Shipments Down 6.7% from October
Feb. 1, 2012 U.S. steel mills shipped 7,404,828 net tons for the month of November 2011, according to the latest release from the American Iron and Steel Institute (AISI).
The November total reflects a 6.7% decrease from the 7,933,653 net tons shipped in the previous month, October 2011, and a 13.1% increase from the 6,549,025 net tons shipped in November 2010.
Year-to-date shipments for 2011 are 83,779,688 a 9.8% increase vs. 2010 shipments of 76,332,805 for the first eleven months. 2011 shipments through November would annualize at 91 million tons.
A month-to-month comparison of shipments shows the following changes:
· Hot rolled sheet, - 3%
· Hot dip galvanized sheets and strip, - 5%
· Cold rolled sheet, - 12%
AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. The Institute comprises 25 member companies, including integrated and electric furnace steelmakers, and 120 associate members who are suppliers to or customers of the steel industry.