The American Iron and Steel Institute (AISI) reported that for the month of June 2016, U.S. steel mills shipped 7,628,953 net tons, a 0.4 percent decrease from the 7,661,979 net tons shipped in the previous month, May 2016, and a 1.7 percent decrease from the 7,758,087 net tons shipped in June 2015.
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,630,000 net tons (NT) of steel in June 2016, including 2,218,000 NT of finished steel (down 8.6 percent and up 6.3 percent, respectively, vs. May 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 July totaled 3,198,000 net tons (NT).
The United Steelworkers (USW) told their union members at 16 steel facilities that the U.S. Department of Commerce (USDOC) made the right call on a final determination issued late Friday for duties on hot-rolled steel imports from seven countries.
The board of directors of The Timken Company, a global leader in bearings, declared a quarterly cash dividend of $.26 per share. The dividend is payable on September 2, 2016, to shareholders of record as of August 15, 2016.