February Steel Shipments Down 7.5 percent From January

WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) reported today that for the month of February 2011, U.S. steel mills shipped 6,967,481 net tons, a 7.5 percent decrease from the 7,528,655 net tons shipped in the previous month, January 2011, and a 10.4 percent increase from the 6,311,076 net tons shipped in February 2010. Shipments year-to-date in 2011 are 14,496,136 a 12.5 percent increase vs. 2010 shipments of 12,890,884 for two months. 2011 shipments through February would annualize at 87 million tons.

A month-to-month comparison of shipments shows the following changes: hot dipped galvanized sheet and strip, down 5 percent, cold rolled sheet, down 5 percent, and hot rolled sheet, down 7 percent.

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 25 member companies, including integrated and electric furnace steelmakers, and 118 associate and affiliate members who are suppliers to or customers of the steel industry. AISI's member companies represent approximately 80 percent of both U.S. and North American steel capacity. For more news about steel and its applications, view AISI’s Web site at www.steel.org.

Elizabeth Vago