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.
