US steel mill shipments recovered slightly in December

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 rose marginally by 1.5% during the month of December last year when compared with the previous month. However, the shipments in December 2015 were down sharply by 17.8% when compared with the figures recorded during same month a year before.

According to AISI, the US steel mills shipment for the month of December totaled 6,556,342 net tons, up by 1.5% when compared with the total shipments of 6,457,870 net tons during November 2015. Meantime, steel shipments in December last year witnessed considerable decline over the previous year. Steel shipments dropped by 17.8% during December ‘15, when compared with the 7,978,310 net tons shipment during the same month in 2014.

The US steel shipments for the entire year 2015 declined by 11.9% to 86.547 million net tons as against 98.249 million tons shipment during the entire year 2014.

The products which witnessed sizable changes in shipments during the month of December when compared with the previous month were: hot rolled sheet, up 9 percent, cold rolled sheet, up 3 percent, and hot dipped galvanized sheets and strip, down 1 percent.