By Peter Wright
Shipments of sheet steel products in the 2nd quarter averaged 4,114,539 tons / month, down from 4,138,875 in the 1st quarter, 0.6 percent, and down by 4.8 percent from Q2 2012. Year to date (YTD) shipments of all sheet products through the first half were 24,682,298 tons, down by 5.6 percent from H1 2012. The only product with a shipment increase YTD was hot rolled, up 2.2 percent. Table 1 shows the performance of all sheet categories, YTD and on three month and twelve month comparisons.
To give a true picture of where shipments have been and the direction they are headed, we believe it is necessary to use both a detailed table and a longer term graph. The graph, Figure 1 shows that following the post recession recovery, hot rolled has been little changed for two years.
Shipments of hot dipped galvanized sheet and strip declined strongly in Q2 through Q4 last year but have made up a third of that loss this year. All coated products combined, including HDG, EG and other metallic which is mostly Galvalume totaled 1,538,341 tons in Q2 2013, down by 7.8 percent from Q2 2012.
Cold rolled has been on a downward trend for twelve months. These figures are shipments to domestic locations plus exports based on the AISI AIS10 and Commerce Department trade reports.
Brett LintonRead more from Brett Linton
Latest in Steel Products
US Rig Count Drops, Canada Unchanged
The number of active oil and gas drilling rigs in the US dropped this week, while Canada’s count remains unchanged, according to the most recent data from oilfield services company Baker Hughes.
CRU: Demand-side Factors to Create Drag on Global Sheet Markets
Demand will be the determining factor in what happens to steel sheet prices globally for the remainder of the year, and most risks right now are to the downside. An autoworkers strike has started in the USA and could increase price volatility in the domestic sheet market. The longer and more severe this strike is, […]
Driving the Debate: Auto Worker’s Wage Demands in an Era of EV Transition
The LME aluminum 3-month price was up 0.8% on the morning of Friday Sept. 22. It was last seen trading at $2,238/metric tons, remaining above the $2,200/t mark for most of the past week.
Zekelman Industries Expanding ZI-Strut Line
Zekelman Industries has announced an expansion of its its ZI-Strut™ metal framing and accessories product line.
Stelco Considering Bid for U.S. Steel: Bloomberg
Canadian steelmaker Stelco Holdings Inc. is now in the mix to purchase U.S. Steel, according to an article in Bloomberg on Thursday, which cited people familiar with the matter.