Domestic steel mill shipments increased in November vs. a year earlier, but fell month over month.
US mills shipped 7,175,177 net tons in November, a year-over-year increase of 4.1% from 6,892,343 tons, according to the most recent data from the American Iron and Steel Institute (AISI). However, this was off 2.3% from 7,346,373 tons in October.
Year-to-date shipments through the first 11 months of 2023 stood at 82,255,551 tons, a drop of 0.4% from 82,567,565 tons in the same period in 2022, AISI said.
Comparing YTD 2023 vs. the first 11 months of 2022 shows the following changes: hot-rolled sheet, up 13%; cold-rolled sheet, up 3%; and corrosion-resistant sheet, up 1%.
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