NEW YORK U.S. steel mills shipped 8.24 million net tons in April, down 1.2 percent vs. March even as shipments were 3.2 percent higher year on year, the American Iron and Steel Institute said June 9.
Shipments through the first four months of 2014 totaled over 32 million tons, up 1.7 percent vs. the same period last year.
Aprils decline vs. the previous month was led by a 0.1-percent drop in shipments of cold-rolled sheet. January shipments fell 3.8 percent from the year-ago period, the largest percentage decline this year. Shipments recovered in March, rising 9.4 percent vs. February.
AISI shipments data is based on hot-rolled, cold-rolled and hot-dipped galvanized steel products only, as these items make up 90 percent of domestic sheet products and are "key products to most AISI members," a spokeswoman told AMM.