Subscribe for 33¢ / day
April steel shipments up 5 percent year-over-year

ArcelorMittal Indiana Harbor. Steel shipments from U.S. mills rose 5 percent year-over-year in April.

Steel shipments from U.S. mills totaled 7.79 million tons in April, according to the American Iron and Steel Institute.

That was down 6 percent as compared to the 8.29 million tons shipped in March, but was up 5 percent from the 7.42 million tons shipped in April 2017.

In April, shipments of cold rolled sheets were down 6 percent as compared to March, hot dipped galvanized sheets and strip down 6 percent and hot rolled sheets down 6 percent.

So far this year, U.S. mills have shipped 31.2 million tons, a 4 percent increase as compared to the 30 million tons shipped through the end of April in 2017. Overall U.S. steel production has risen 1.8 percent as compared to the same period in 2017, according to the American Iron and Steel Institute.

Steel shipments are a key metric of the financial health of the steel industry because they reflect the amount of steel actually sold to customers.

1
0
0
0
0

Business Reporter

Joseph S. Pete is a Lisagor Award-winning business reporter who covers steel, industry, unions, the ports, retail, banking and more. The Indiana University grad has been with The Times since 2013 and blogs about craft beer, culture and the military.