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October 14, 2008


US June 2007 steel shipment down by 8.4% YoY

American Iron and Steel Institute reported that for the month of June 2007, US steel mills shipped 8.92 million net tons down by 8.4% YoY as against 9.73 million net tons shipped in June 2006 and down by 1.9% MoM as against 9.08million net tons shipped in May 2007.

YOY comparison of YTD shipments shows the following changes within major market classifications:
1. Service centers and distributors down by 11%
2. Automotive down by 2.8%
3. Construction and contractors’ products down by 3.1%
4. Oil and gas down by 9.6%

AISI’s estimate is based on reports from companies representing about 75% of the US’s raw steel capability and includes revisions for previous months and year.