The latest report released by the American Iron and Steel Institute (AISI), an association of North American steelmakers, noted that US steel shipments rose 2.4 percent in July 2014 from the previous month. In addition, shipments in July this year were up 2.6 percent from the same month the previous year.
US steel mills shipped 8,492,744 tons in July, up 2.4 percent from a total shipments of 8,291,823 tons in June this year, according to AISI. In addition, shipments of steel products in July increased significantly over the year. In July 2014, steel shipments increased by 2.6 percent compared to the cargo traffic of 8,274,511 tons in July 2013.
In the United States, steel shipments for the past seven months of this year increased 2.9 percent to 57.270 million tonnes, up from 55,676,000 tonnes shipped during the corresponding seven-month period in 2013.
Steel products that had a significant change in maritime traffic during July compared to the previous month include hot-rolled sheets (up 3 percent), galvanized sheets and strips (down 0.4 percent), and cold-rolled sheets (up 0. 2 cents).
US steel shipments rise 2.4 percent month-over-month - AISI
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