Economy
U.S. Steel Shipments Through April Increase by 4.0 Percent
Written by Tim Triplett
June 17, 2018
U.S. steel mills shipped 7,798,326 net tons in April, a 6.0 percent decrease from the 8,299,418 net tons shipped in the previous month, and a 5.0 percent increase from the 7,428,080 net tons shipped in April 2017, reported the American Iron and Steel Institute in Washington.
Shipments in the first four months of 2018 totaled 31,259,675 net tons, a 4.0 percent increase vs. 2017 shipments of 30,061,271 net tons in the same period, said AISI in a press release.
A comparison of April shipments to the previous month of March shows the following changes: cold rolled sheets, down 6 percent; hot-dipped galvanized sheets and strip, down 6 percent; and hot rolled sheets, down 6 percent.
Tim Triplett
Read more from Tim TriplettLatest in Economy
ISM: Manufacturing continues to contract in May
May marks the third consecutive month US manufacturing activity declined, according to supply executives contributing to the Institute for Supply Management (ISM)’s latest report.
Chicago PMI decreases 4.1 points in May
The Chicago Business Barometer reports that decreases in new orders, order backlogs, and softer production pulled the index down by 4.1-points to 40.5, in May.
Architecture firms struggle through April
For the third month in a row, architecture firms reported a reduction in billings through April, according to the latest Architecture Billings Index release.
House committee blocks GOP budget proposal
The budget proposal has big implications for steel and manufacturing.
Manufacturing in New York state contracts again in May
Manufacturing activity in New York state declined for the third consecutive month, according to the May Empire State Manufacturing Survey from the Federal Reserve Bank of New York. Responding firms continue to forecast weaker business conditions in the coming months.