Us steel shipments rose 5.8 per cent in January

According to the American Iron and Steel Institute, U.S. Steel shipments rose 5.8 percent in January from a year earlier.The washington-based American industry association reported that us steelmakers shipped 8m tonnes of steel in January, up slightly from 7.8m tonnes in December and 5.8 per cent from 7.6m tonnes in January last year.

Steel shipments are an important measure of the health of the U.S. steel industry because they reflect actual steel sales to customers.
According to the American iron and steel association, shipments of cold-rolled sheet, hot-rolled strip and hot-rolled sheet in the United States rose 7 percent in January from the previous month, 5 percent from the previous month, and 3 percent from December.

The steel industry continues to recover as shipments and prices rise.

“The U.S. government’s trade measures, tax and regulatory reform policies, and the robust economic environment that these policies have created, have enabled the U.S. steel industry to gradually recover after more than a decade of low capacity utilization and low yield periods due to repeated surges in imports due to global steel overcapacity.””Said Thomas Gibson, President and CEO of the American iron and steel association.”Capacity utilisation at existing us steel mills has increased to more than 80 per cent in recent months, unprecedented in the past decade,” he added.Some closed factories are reopening, laid-off workers are returning to work and companies are investing in new steel production facilities.

Steel Benchmarker, a market intelligence firm, reported that us hot-rolled strip prices held steady at $773 a tonne in February.The price of cold-rolled coil fell 1% to $897 per short ton.Ordinary steel plate prices fell 1 percent to $1,090 per short ton.

Post time: Nov-07-2018
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