US steel shipments plunged 11% in February

SPOKANE (Scrap Monster): 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 tumbled by 11% in February this year over the previous month. Also, the shipments in February 2015 were 9% down when compared with the figures recorded during same month the previous year.

According to AISI, the US steel mills shipment for the month of February totaled 6,925,596 net tons, down 10.8% when compared to the total shipments of 7,762,742 net tons during January this year. Also, the steel shipments in February have witnessed corresponding decline over the year. Steel shipments dropped by 9.1% during Feb ‘15, when compared with the 7,618,380 net tons shipment during February 2014.

The US steel shipments for the initial two-month period of the year declined by 5.3% to 14.688 million net tons as against 15.514 million tons shipment during the corresponding two-month period from January to February last year.

The products which witnessed sizable changes in shipments during the month of February when compared with the previous month were: hot dipped galvanized sheet and strip (down 10.0%), cold rolled sheet (down by 9.0%) and hot rolled sheets (down 9.0%).