American Iron and Steel Institute reported that in the month of May 2007, US steel mills shipped 9.087 million tons of steel down by 8.2% YoY as against 9.895 million tons shipped in May 2006 and also down by 2.6% MoM from the 8.849 million tons shipped in April 2007.
US’s adjusted YoY comparison of YTD shipments shows the following changes within major market classifications
1. Service centers and distributors down by 9.3%
2. Automotive down by 2.4%
3. Construction and contractors’ products down by 2.6%
4. Oil and gas down by 9.5%
AISI serves as the voice of the North American steel industry and plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 31 member companies representing more than 75% of both US and North American steel capacity.