Steel Markets
January Heating and Cooling Equipment Shipments
Written by Brett Linton
March 13, 2020
January heating and cooling equipment shipments came in at 1.56 million units, down 3.2 percent from the same month one year ago, according to recent data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). This is the largest year-over-year decline in total shipments since June 2019 (down 5.8 percent). As a three-month moving average, total heating and cooling shipments were down 0.7 percent, the third consecutive monthly decline.
Residential and commercial storage water heater shipments fell 7.9 percent year over year to a combined 790,337 units; 770,504 units were shipped for residential use and 19,833 units for commercial use.
Shipments of warm air furnaces totaled 230,104 units in January, down 2.5 percent compared to the same month last year. This is the seventh consecutive month warm air furnace shipments have decreased on a year-over-year basis.
Central air conditioners and air-source heat pump shipments rose 4.1 percent over a year ago to 540,179 total units; 308,311 air conditioners and 231,868 heat pumps were shipped. This is the seventh consecutive month air conditioners and air-source heat pump shipments have increased on a year-over-year basis.
The full press release is available on the AHRI website here.
Below is a graph showing the history of total 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, contact info@SteelMarketUpdate.com.
Brett Linton
Read more from Brett LintonLatest in Steel Markets
Trading firms Mercuria and Tata International partner in joint venture
Geneva-based global commodities trader Mercuria is set to acquire a majority stake in Tata International, according to a report in India's Economic Times.
Glenfarne Alaska LNG and POSCO ink preliminary partnership
Glenfarne Alaska LNG and POSCO signed a preliminary strategic agreement during the GasTech Conference in Milan on Thursday.
Steel export volumes remain weak through July
Following a 3% decline in June, the amount of steel shipped outside of the US edged up 1% in July to 623,000 short tons. July was the sixth-lowest monthly export rate since the COVID-19 pandemic, and...
Hot-rolled market participants say ‘doldrums’ to roll on through year-end
Participants in the hot-rolled steel sheet market expect the market to remain subdued through the end of the year.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.