Steel Products Prices North America
AISI: June Steel Shipments Up 33.3% from Prior Year
Written by Tim Triplett
August 10, 2021
U.S. steel mills shipped 8,031,516 net tons in June, a 33.3% increase from the 6,023,524 net tons shipped in June 2020, reported the American Iron and Steel Institute. Shipments rose a slight 0.6% from the 7,987,038 net tons shipped in the previous month.
Shipments for the first half of 2021 totaled 45,969,876 net tons, an 11.5% increase vs. 2020 shipments of 41,218,207 for six months.
A comparison of shipments year-to-date shows the following changes in 2021 versus 2020: hot-dipped galvanized sheet, up 19%; cold rolled sheet, up 14%; and hot rolled sheet, up 6%.
Like shipments, steel prices have recovered dramatically from the same time last year when the U.S. economy was struggling with the effects of the pandemic. In June 2020, the benchmark price for hot rolled steel had declined to about $500 per ton ($25/cwt). Since then it has increased almost fourfold to $1,900 per ton ($95/cwt), based on Steel Market Update’s check of the market this week.
Tim Triplett
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