Heat Treat Industry News

November 24, 2009

Weekly Industry Crib Sheet: Leading Economic Indicators on the Rise

September-October Steel Shipments and Inventories

The American Iron and Steel Institute reported last week that U.S. steel mills shipped 5,793,000 net tons in September, a 3.9 percent increase from the 5,570,000 net tons shipped in August. This was a 26.9 percent decrease from the 7,920,000 net tons shipped in September 2008. A month-to-month comparison of shipments showed the following changes: hot dipped galvanized sheet and strip, up 24 percent; hot rolled sheet, up 8 percent; and cold rolled sheet, up 1 percent.

Also last week, the Metals Service Center Institute's Metals Activity Report showed that shipments of steel products from metals service centers in the U.S. last month rose from September levels. October steel shipments from U.S. metals service centers totaled nearly 2.62 million tons, a 2.3 percent rise from September shipments but 28 percent below year-ago volume. Inventories for the metal at service centers also rose slightly, totaling 5.93 million tons at the end of October — a 2.3 percent gain over September but a 40.9 percent drop from a year ago. At current shipping rates, that represents a 2.3-month supply.

By IMT Staff

SOURCE: THOMASNET

For more information on our services, please contact us via e-mail

Robert Gutierrez - RGutierrez@HoustonHeatTreat.com
Mark Tate - Sales or Technical assistance - MTate@HoustonHeattreat.com

or call us at 281-590-9600.