July steel shipments down 3.0 percent from June

The American Iron and Steel Institute (AISI) reported today that for the month of July 2011, U.S. steel mills shipped 7,409,450 net tons, a 3.0 percent decrease from the 7,639,108 net tons shipped in the previous month, June 2011, and a 14.3 percent increase from the 6,481,886 net tons shipped in July 2010. Shipments year-to-date in 2011 are 52,189,307 a 7.0 percent increase vs. 2010 shipments of 48,790,026 for seven months. 2011 shipments through July would annualize at 89 million tons.