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
Industry groups praise Senate for passing tax and budget bill
The Steel Manufacturers Association and the American Iron and Steel Institute applauded the tax provisions included in the Senate's tax and budget reconciliation bill.
Chicago PMI dips 0.1 points in June
The Chicago Purchasing Managers Index (PMI) slipped 0.1 points to 40.4 points, in June.
Multi-family pullback drives housing starts to 5-year low in May
US housing starts tumbled in May to a five-year low, according to figures recently released by the US Census Bureau.
Architecture firms still struggling, ABI data shows
Architecture firms reported a modest improvement in billings through May, yet business conditions remained soft, according to the latest Architecture Billings Index (ABI) release from the American Institute of Architects (AIA) and Deltek.
Manufacturing in New York state contracts again
However, companies are growing more optimistic about the future.