NEW YORK U.S. steel
mills shipments rose in October compared with the
previous month at the same time that capacity utilization
reached its lowest rate thus far this year, according to data
from the American Iron and Steel Institute.
October shipments totaled 7.4
million net tons, up 2.7 percent from 7.2 million tons in
amm.com, Nov. 16).
Still, Octobers total
represented a 6.3-percent decline from the 7.9 million tons in
October 2011. Mills raw steel capacity utilization for
the month was 68 percent, the lowest monthly total so far in
Shipments of hot-rolled sheet
rose 6 percent month on month in October, while hot-dipped
galvanized sheets and strip rose 3 percent in the same
comparison. Shipments of cold-rolled sheet registered no
change, AISI said.
U.S. steel mills have shipped 81.1 million tons from January
to October 2012, up 6.1 percent from 76.4 million tons in the
same 2011 period.