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U.S. Iron and Steel Scrap Use and Stockpiles for November

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Feb. 24 (Bloomberg) -- Following is a table detailing U.S. iron and steel-scrap and pig-iron receipts, production, consumption, shipments and stockpiles for November, according to the U.S Geological Survey in Reston, Virginia. Iron and steel scrap are used in the production of new steel and cast-iron products. Automobiles are the primary source of steel scrap.

================================================================================
                             Nov.      Oct.                         YTD     YTD
                             2011      2011     MOM%     YOY%      2011    YOY%
================================================================================
                            -----------------------Scrap-----------------------
Total consumption           4,480     4,580    -2.2%     8.2%    50,800   10.4%
 Blast furnace                242       249    -2.8%      n/a     2,040     n/a
 Basic oxygen process         704       778    -9.5%   -20.7%     8,130   -9.2%
 Electric furnace           3,510     3,520    -0.3%    13.2%    40,300   13.2%
Production:            
 Recirculating scrap          631       678    -6.9%     4.8%     7,280   10.0%
 Obsolete scrap                11        11     0.0%    10.0%        94  -29.9%
================================================================================
                             Nov.      Oct.                         YTD     YTD
                             2011      2011     MOM%     YOY%      2011    YOY%
================================================================================

                            -----------------------Scrap-----------------------
Receipts:              
 From dealers               3,640     4,050   -10.1%     6.7%    42,200   11.6%
 From other own        
  company plants              249       282   -11.7%   -20.4%     2,840   -9.8%
Shipments                     103       102     1.0%   -19.5%     1,490   10.4%
Ending stockpiles           3,230     3,490    -7.4%     5.6%       n/a     n/a
                            -----------Pig Iron (Includes Hot Metal)-----------
Total consumption           2,490     2,680    -7.1%   -14.1%    31,800    2.3%
 Basic oxygen process       2,300     2,510    -8.4%   -16.4%    28,600    1.1%
Receipts                      569     1,360   -58.2%     6.8%     7,480  -17.3%
Production                  1,910     1,330    43.6%   -18.4%    24,500   10.4%
Ending stockpiles             438       451    -2.9%    -7.6%       n/a     n/a
                            ----------------Direct Reduced Iron----------------
Total consumption             149       143     4.2%    34.2%     1,470   14.8%
Receipts                      144       144     0.0%    56.5%     1,460   16.8%
================================================================================
                             Nov.      Oct.                         YTD     YTD
                             2011      2011     MOM%     YOY%      2011    YOY%
================================================================================
Ending stockpiles             167       177    -5.6%    32.5%       n/a     n/a
================================================================================
NOTE: Figures are in thousands of metric tons.

SOURCE: U.S. Geological Survey, U.S. Department of the Interior {USDP <GO>}

To contact the reporter on this story: Mike Sebany in Washington at msebany@bloomberg.net

To contact the editor responsible for this story: Alex Tanzi at atanzi@bloomberg.net

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