The American Iron and Steel Institute (AISI) reported that for the month of January 2016, U.S. steel mills shipped 7,031,307 net tons, a 7.2 percent increase from the 6,556,342 net tons shipped in the previous month, December 2015, and a 9.4 percent decrease from the 7,762,742 net tons shipped in January 2015.
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,577,000 net tons (NT) of steel in January 2016, including 2,217,000 NT of finished steel (up 10.0 percent and 8.8 percent, respectively, vs. December final data).
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of February total 2,283,000 net tons (NT).
Commercial Metals Company disclosed the closure of its fence post operations in Magnolia, Arkansas.
As one of the most recycled metals on the planet, steel has offered an extremely high recycling rate, which as recently as 2012, stood at 88 percent.