This Morning in Metals: U.S. steel shipments down 32.9% in May
Agmetalminer - This morning in metals news: U.S. steel shipments fell 32.9% in May; a Chilean lab is using copper in the fight against COVID-19; and some stores are feeling the effect of an aluminum can shortage.
May steel shipments
U.S. steel shipments in May fell 32.9% year over year, according to the American Iron and Steel Institute.
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“The American Iron and Steel Institute (AISI) reported today that for the month of May 2020, U.S. steel mills shipped 5,461,851 net tons, a 2.9 percent decrease from the 5,623,229 net tons shipped in the previous month, April 2020, and a 32.9 percent decrease from the 8,142,270 net tons shipped in May 2019,” the AISI said. “Shipments year-to-date in 2020 are 35,194,683 net tons, a 13.1 percent decrease vs. 2019 shipments of 40,504,746 for five months.”