Steel Markets

February Heating and Cooling Equipment Shipment Data
Written by Brett Linton
April 16, 2018
Below is the latest data released by the the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) regarding residential and commercial heating and cooling equipment shipments through February 2018. You may read the press release on their website here.
Residential Storage Water Heaters
U.S. shipments of residential gas storage water heaters for February 2018 increased 1.4 percent, to 378,045 units, up from 372,724 units shipped in February 2017. Residential electric storage water heater shipments increased 5.3 percent in February 2018, to 356,416 units, up from 338,410 units shipped in February 2017.
Year-to-date U.S. shipments of residential gas storage water heaters increased 4.5 percent, to 765,990, compared to 732,857 shipped during that same period in 2017. Residential electric storage water heater shipments increased 2.6 percent year-to-date, to 713,781 units, compared to 695,804 shipped during the same period in 2017.
Commercial Storage Water Heaters
Commercial gas storage water heater shipments decreased 12.6 percent in February 2018, to 7,829 units, down from 8,953 units shipped in February 2017. Commercial electric storage water heater shipments decreased 6.3 percent in February 2018, to 10,613 units, down from 11,331 units shipped in February 2017.
Year-to-date U.S. shipments of commercial gas storage water heaters decreased 1.7 percent, to 15,514 units, compared with 15,785 units shipped during the same period in 2017. Year-to-date commercial electric storage water heater shipments decreased 2 percent, to 21,442 units, up from 21,876 units shipped during the same period in 2017.
Warm Air Furnaces
U.S. shipments of gas warm air furnaces for February 2018 increased 13.5 percent, to 208,815 units, up from 184,013 units shipped in February 2017. Oil warm air furnace shipments decreased 8.7 percent, to 2,396 units in February 2018, down from 2,623 units shipped in February 2017.
Year-to-date U.S. shipments of gas warm air furnaces increased 13.4 percent, to 471,559 units, compared with 416,010 units shipped during the same period in 2017. Year-to-date U.S. shipments of oil warm air furnaces increased 0.5 percent, to 5,622 units, compared with 5,593 units shipped during the same period in 2017.
Central Air Conditioners and Air-Source Heat Pumps
U.S. shipments of central air conditioners and air-source heat pumps totaled 515,936 units in February 2018, up 10.2 percent from 468,164 units shipped in February 2017. U.S. shipments of air conditioners increased 5.2 percent, to 307,522 units, up from 292,446 units shipped in February 2017. U.S. shipments of air-source heat pumps increased 18.6 percent, to 208,414 units, up from 175,718 units shipped in February 2017.
Year-to-date combined shipments of central air conditioners and air-source heat pumps increased 7.2 percent, to 998,607, up from 931,226 units shipped in February 2017. Year-to-date shipments of central air conditioners increased 1.8 percent, to 574,379 units, up from 564,400 units shipped during the same period in 2017. The year-to-date total for heat pump shipments increased 15.6 percent, to 424,228, up from 366,826 units shipped during the same period in 2017.
Below is a graph showing the history of water heater, warm air furnace, and air conditioner shipments. You will need to view the graph on our website to use it’s interactive features; you can do so by clicking here. If you need assistance with either logging in or navigating the website, please contact our office at 800-432-3475 or info@SteelMarketUpdate.com.

Brett Linton
Read more from Brett LintonLatest in Steel Markets

SMU Survey: Buyers remain leery of tariffs, but more see reshoring happening
This week’s SMU survey reveals that a growing number of steel market participants are weary of tariffs and are awaiting evidence of progress reshoring. At the start of 2025, now-second-term President, Donald Trump, pronounced that his plan to implement tariffs would result in increased revenue for the US.

Hot-rolled coil market remains slow, market participants say
Hot rolled spot market participants reported another week of moderate demand and ample supply, with no strong signs that conditions will change next week.

Plate prices slip even as mills officially keep tags unchanged
US plate market participants are not fazed by the constricted nature of the current spot market pricing environment. Right now, they said, mill’s choosing to hold prices from one month to the next makes sense because service centers remain amply supplied and demand is stable. Modest upticks or slips in prices are aligned with most of the participants' expectations right now.

Still no cure for the summertime HR market blues
Seasonal steel slowdowns combined with ongoing anxieties about tariffs and mill strategies have dampened sentiment for several hot-rolled steel market participants this week. Buyers are jittery, market stands still The operator of a Midwest-based service center said that steel buyers are scared. “Everyone is afraid to buy steel right now. Unless you’re on a […]

SSAB Americas reports higher Q2 production and shipments
Despite improved operating results, SSAB Americas' second-quarter and H1’25 profits fell short of those of last year.