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Steel shipments up 3.1 percent this year

ArcelorMittal Indiana Harbor. Steel shipments from U.S. mills rose 5.1 percent in August.

U.S. steelmakers produced 7.92 million tons of steel in August, which is a 5.1-percent increase over the 7.5 million tons shipped in August 2016.

The American Iron and Steel Institute reported steel shipments were up 6 percent in August as compared to the 7.4 million tons shipped the previous month. Shipments are a key metric of the overall health of the steel industry.

Shipments of hot dipped galvanized sheets and strip rose 8 percent in August, according to AISI. Shipments of hot rolled sheets increased by 5 percent while shipments of cold rolled sheets were up by 3 percent.

So far this year, shipments from domestic mills, such as those ringing Lake Michigan in Northwest Indiana, have risen by 3.1 percent to 60.8 million tons, as compared to the 59 million tons shipped over the first eight months of 2016.

Through the end of last week, U.S. mills have produced 69.5 million tons, a 3.7 percent increase as compared to the same period in 2016.

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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.