Economy
Steel Shipments Up 4.4 Percent in August
Written by Tim Triplett
October 11, 2019
U.S. steel mills shipped 8,472,088 net tons for the month of August, a 4.4 percent increase from the 8,115,103 net tons shipped in the previous month, July 2019, and a 0.4 percent increase from the 8,441,597 net tons shipped in August 2018, reported the American Iron and Steel Institute in Washington.
Shipments year-to-date totaled 64,810,436 net tons, a 1.8 percent increase vs. 2018 shipments of 63,656,882 net tons for eight months.
A comparison of August shipments to the previous month of July shows the following changes: hot rolled sheets, up 10 percent; hot-dipped galvanized sheets and strip, up 7 percent; and cold rolled sheets, up 3 percent.
Tim Triplett
Read more from Tim TriplettLatest in Economy
ISM September survey captures deepening manufacturing gloom
The Institute for Supply Management’s (ISM) latest monthly report on manufacturing reflects a bleak view of American industry in September.
Key industries concerned over government shutdown’s impact on steel, manufacturing
Trade groups cautioned that a prolonged shutdown could strain US industry.
Chicago Business Barometer catches cold winds of contraction in September
The Chicago Business Barometer's September reading indicates a softening in overall business activity in the Midwest for the third consecutive month, with new orders and backlogs retreating further.
Metalforming market sentiment takes a dive in September: PMA
Metalforming manufacturers anticipate a decrease in near-term conditions, according to the Precision Metalforming Association's (PMA) Business Conditions Report for September.
AIA: Architecture firms still under pressure
Architecture firms reported a modest improvement in billings through August, yet business conditions remained soft, according to the latest Architecture Billings Index (ABI) release from the American Institute of Architects (AIA) and Deltek.