Economy

AISI: July Steel Shipments Up 5.8 Percent
Written by Tim Triplett
September 11, 2018
U.S. steel mills shipped 7,911,228 net tons in July, a 5.8 percent increase from the 7,480,241 net tons shipped in July 2017, but a 1.0 percent decrease from shipments in the previous month, reports the American Iron and Steel Institute in Washington.
Shipments year-to-date in 2018 totaled 55,215,285 net tons, a 4.3 percent increase vs. 2017 shipments of 52,939,327 net tons for seven months.
A comparison of July shipments to the previous month of June shows the following changes: cold rolled sheets, no change; hot rolled sheets, down 3 percent; and hot dipped galvanized sheets and strip, down 4 percent.

Tim Triplett
Read more from Tim TriplettLatest in Economy

Steel Summit: Dr. Basu blames tariffs for riskier path ahead
Steel executives packed the main conference hall of the 2025 SMU Steel Summit on Tuesday, Aug. 26, to hear economist Dr. Anirban Basu lay out his blunt view of tariffs, inflation, and demand.

Steel Summit: Schneider sees SDI ‘on the edge of a very good run’
Steel Dynamics Inc. (SDI) President and Chief Operating Officer, Barry Schneider, remains bullish about the Fort Wayne, Ind.-based steelmaker’s position in the current market.

US housing starts gain momentum in July
US housing starts rose in July both month-on-month and year-on-year, according to figures from the US Census Bureau.

Manufacturing in New York state improves again in August
Business activity in New York state improved modestly in August. It was just the second positive reading for the general business conditions index in six months.

President Trump intends to set additional steel tariffs
While boarding Airforce One on Friday, US President Donald Trump stated that he would be setting more steel tariffs and putting ~100% tariffs on semiconductors and chips.