For Immediate ReleaseAugust 20, 2012
WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) reported today that for the month of June 2012, U.S. steel mills shipped 8,016,834 net tons, a 5.0 percent decrease from the 8,436,831 net tons shipped in the previous month, May 2012, and a 4.9 percent increase from the 7,639,108 net tons shipped in June 2011. Shipments year-to-date in 2012 are 50,117,104 an 11.9 percent increase vs. 2011 shipments of 44,779,857 for six months.
Shipments in 2Q 2012 (April thru June) were 24,699,004 net tons, a 2.8 percent decrease vs. the 1Q (January thru March) shipments of 25,418,100 net tons. Similarly, the capacity utilization rate for raw steel production has also been trending downward with the week ending August 11, 2012 at 76.9 percent utilization compared to the 1Q utilization rate of 79.3 and the 2Q utilization rate of 78.3.
A month-to-month comparison of shipments shows the following changes: hot rolled sheet, up 2 percent, cold rolled sheet, down 6 percent and hot dipped galvanized sheets and strip, down 13 percent.
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. AISI is comprised of 25 member companies, including integrated and electric furnace steelmakers, and 124 associate members who are suppliers to or customers of the steel industry. AISI's member companies represent over three quarters of both U.S. and North American steel capacity. For more news about steel and its applications, view AISI’s Web site at www.steel.org.
Contact: Nancy Gravatt202.452.7115 / email@example.com
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