Apparent steel supply for the month of December 2012 came in at 8,317,920 net tons. This represents a decrease of almost 2 percent compared to the previous December. We found imports rose by 19 percent (semi-finished – which are brought in by the domestic mills – rose by 39 percent) while exports dropped by 19 percent. Domestic shipments dropped and finished imports increased. The U.S. dependence on imports grew by 73 percent compared to one year earlier.
Apparent Steel Supply 2012 vs. 2011:
Apparent steel supply grew by 7,818,000 tons during 2012. The domestic industry saw gains in domestic shipments of 4,084,000 tons. Semi-finished imports increased by 934,000 tons while finished imports rose by 4,026,000 tons. Exports also gained slightly over the prior year by 291,000 tons.
John PackardRead more from John Packard
Latest in Steel Products
Construction Spending Up in August: AGC
Construction spending in the US increased in August, according to the Associated General Contractors of America (AGC).
USS Slates Layoffs at Granite City Works
U.S. Steel is laying off ~300 workers at its Granite City Works in Illinois, a company spokeswoman told SMU on Tuesday.
AISI: Raw Steel Production Shifts Down
US raw steel output took a downward turn during the week ending Sept. 30, according to data released by the American Iron and Steel Institute (AISI) on Monday, Oct. 2.
GM Lays Off Workers in Ohio and Indiana, Cites UAW Strike
General Motors has announced layoffs at its Parma Metal Center in Ohio and Marion Metal Center in Indiana as a result of the ongoing United Auto Workers (UAW) strike.
Rig Count Drops in the US, Inches Up in Canada
The number of active oil and gas drilling rigs in the US dropped this week while Canada’s count increased by one, said oilfield services company Baker Hughes in its weekly report.