Source: Scrap Monster
The U.S. steel mills shipped 8.080 million net tons in the opening month of 2019. This is significantly higher by 5.8% when compared with the shipments during the same month in 2018, says the American Iron and Steel Institute (AISI). It must be noted that the mills had shipped only 7.636 million net tons in January 2018. The shipments were up by 3.5% from the prior month. The Dec ’18 steel shipments by the U.S. mills had totaled only 7.804 million net tons.
Several products reported notable change in shipment volumes in Jan ’18, as compared with the prior month. Upon comparison with Dec ’18, the Jan ’19 shipments of cold rolled sheet were up sharply by 7%. The shipment of hot dipped galvanized sheet and strip witnessed a jump of 5% over the previous month. Also, 3% month-on-month improvement was reported in hot rolled sheet shipments.
Meantime, the U.S. domestic mills produced 1.941 million net tons of raw steel during the week ending on March 9, 2019. The mills operated at a capability utilization rate of 83.4%. The weekly raw steel production represents 6.3% increase from the same period in the previous year. The production was up marginally by 0.7% from the prior week ending on March 2, 2019. The prior week production had totaled 1.927 million net tons.
Great Lakes region topped the production with 723,000 net tons, closely followed by Southern region with 697,000 net tons. The output by other regions in thousands of net tons is as follows: North East (232), Midwest (214) and Western (75).