AISI: U.S. Steel Shipments in July Recorded Year-on-Year Decline

SEATTLE (Scrap Monster): The monthly data published by the American Iron and Steel Institute (AISI) suggests that steel shipments during July this year recorded a decline when compared with the same month a year ago. However, the shipments remained more or less unchanged over the prior month.

According to AISI data, the steel mills shipped 7.161 million net tons in July 2024. This is modestly down by 4.1% upon comparison with the shipments of 7.467 million net tons in the same month a year before. Conversely, the shipments made during the month didn't really alter from the prior month. It should be mentioned that in June of this year, there were 7.152 million net tons of shipments.

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The cumulative shipments by U.S. domestic steel mills totaled 50.920 million net tons during the initial seven-month period of the current year. This is marginally down by 3.9% when matched with the corresponding period a year before. The steel shipments by these mills totaled 52.983 million net tons from January to July in 2023.

The report provides a year-on-year comparison of shipment volumes of various steel products during the first seven months of 2024. The shipments of corrosion-resistant sheets during this period dropped by nearly 2% over the previous year. The shipments of hot rolled sheets too were down significantly by 5%. In contrast, cold rolled sheet shipments edged higher year-on-year, registering an increase of 4%, upon comparison with the initial seven-month period in 2023, AISI noted.