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Scrap Monster
Steel News January 11, 2017 11:30:40 AM

US Steel mill shipments witnessed marginal decline in November

Paul Ploumis
ScrapMonster Author
The US steel mill shipments during November 2016 totaled 6,724,277 net tons.
US Steel mill shipments witnessed marginal decline in November

ALBANY (Scrap Monster): According to latest statistics released by the American Iron and Steel Institute (AISI), the steel shipment by country’s mills declined slightly by less than 2% month-on-month in November last year. However, when matched with the shipments during the same month a year before, the Nov ’16 shipments increased by nearly 4.1%.

The US steel mill shipments during November last year totaled 6,724,277 net tons, up marginally down by 1.6% when matched with 6,832,801 net tons shipped during October 2016. Year-on-year, the steel shipments registered increase of 4.1%. The shipments had totaled 6,457,870 net tons in November 2015. Several steel products witnessed significant decline in shipment volumes during November last year. When matched with the prior month, shipments of hot dipped galvanized sheets and strips were down by 6%. The shipment of cold rolled sheets was also down by 6%. On the other hand, the shipment of hot rolled sheets was up by nearly 5% in November 2016, in comparison with the prior month.

The year-to-date steel shipments declined marginally by 0.8% from 79,990,315 net tons in the first eleven months of 2015 to 79,360,096 net tons during Jan-Nov ’16.

The AISI had earlier reported that the U.S. steel import permit applications for the month of December last year totaled 2,648,000 net tons (NT) of steel. The import permits tons recorded 9.6% decline when compared with 2,930,000 permit tons recorded during the prior month. The import permit tonnage of finished steel totaled 2,069,000 net tons during December. The total and finished steel imports for the full year 2016 totaled 32,969,000 and 26,248,000 net tons (NT), down by 15.0% and 16.7% respectively, vs. the same period in 2015. It must be noted that the above figures are inclusive of November preliminary data and December SIMA permits. Also, the largest number of import permit applications was for South Korea, Turkey, Japan, Taiwan and Germany.

Meantime, weekly statistics released by the steel body indicates that raw steel production by the country increased modestly by 5.8% during the week ending January 7th, 2017.

The total domestic raw steel output during the week ending January 7th was 1,684,000 net tons. The AISI data indicates that the US raw steel production has increased by 5.8% during the week. This is in comparison with the previous week (ie., the week ended December 31st, 2016)  production figures of 1,592,000 net tons. Also, the weekly production represents increase of 4.8% in comparison with production of 1,607,000 net tons during same week the previous year.

The capability utilization rate of US steel makers was 71.0% during the week ended January 7th, 2017. The capacity utilization rate has increased significantly when compared with 67.1% during the previous week (ie., the week ending December 31st, 2016). Also, capacity utilization was higher when compared with the rate of 68.7% during same week the previous year.

The crude steel production by various districts during the week was as follows:- North East (214,000 NT), Great Lakes (662,000 NT), Midwest (164,000 NT), Southern (578,000 NT) and Western (66,000 NT).

The year-to-date crude steel output through January 7th, 2017 totaled 1,684,000 net tons, higher by nearly 4.8% when matched with the output of 1,607,000 net tons during the same period last year. The capacity utilization rate during the period was up from 68.7% a year before to 70.8% during the period ended January 7th this year.

About AISI

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 19 member companies, including integrated and electric furnace steelmakers, and approximately 125 associate members who are suppliers to or customers of the steel industry.