SEATTLE (Scrap Monster): The monthly data published by the American Iron and Steel Institute (AISI) suggests notable surge in steel shipments during the month of August this year compared with the same month a year ago. Also, the shipments increased modestly over the prior month.
According to AISI data, the steel mills shipped 8.405 million net tons in August 2021. This is significantly higher by 28.7% from the shipments of 6.533 million net tons in the same month a year before. The shipments during the month recorded marginal increase by 1.5% from the previous month. It must be noted that the shipments had totalled 8.279 million net tons in the month of July this year.
The report provides year-on-year comparison of shipment volumes of various steel products during the initial eight-month period. The shipments of corrosion-resistant sheet and strip surged higher significantly by 23% from Jan-Aug ‘20. The shipments of cold rolled sheet surged higher by 17%, whereas those of hot rolled sheet recorded 11% year-on-year surge.
The cumulative shipments by U.S. domestic steel mills totalled 62.654 million net tons during the initial eight-month period of the year. This is significantly higher by 16.5% when matched with the corresponding period a year before. The steel shipments by these mills had totalled 53.786 million net tons from January to August in 2020.
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