Steel Markets
June Heating and Cooling Equipment Shipments Reach Record High
Written by Brett Linton
August 11, 2020
June heating and cooling equipment shipments totaled 2.28 million units, up 6.8 percent from the same month one year ago, according to recent data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). This is the highest monthly shipment level in SMU’s 12+ year limited history, surpassing the previous monthly high in June 2018 at 2.27 million units. In May, the market saw the largest year-over-year decline in 11+ years.
As a three-month moving average, total heating and cooling shipments were down 9.5 percent year-over-year, following a 11.7 percent decline in May. This is the eighth consecutive month total shipments have declined on a year-over-year basis.
Residential and commercial storage water heater shipments increased 19.5 percent year over year to a combined 843,597 units; 826,195 units were shipped for residential use and 17,402 units for commercial use.
Shipments of warm air furnaces totaled 323,689 units in June, a decline of 9.1 percent compared to the same month last year. This is the 12th consecutive month that warm air furnace shipments have declined on a year-over-year basis, and two months ago saw the largest decline in over a decade.
Central air conditioners and air-source heat pump shipments were up 3.8 percent over a year ago to 1,113,049 total units; 754,433 air conditioners and 358,616 heat pumps were shipped.
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. To use its interactive features, view the graph on our website by clicking here. For assistance with either logging in or navigating the website, contact info@SteelMarketUpdate.com.
Brett Linton
Read more from Brett LintonLatest in Steel Markets
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.
Sheet market participants say sales still in a slump
Across the US and throughout the steel supply chain, market participants are reporting another painfully quiet week for hot-rolled (HR) coil sales.
CRU: Lower sheet prices have pulled back demand for imports
Domestic sheet prices in the US remained under pressure, limiting interest in imports, while domestic prices for longs products continued to rise.
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.
USS, government officials give update on Clairton Coke Works incident
U.S. Steel, Allegheny County executive Sara Innamorato, and Pennsylvania Gov. Josh Shapiro clarified details from early reports about the Clairton Coke Works facility explosion just one day earlier.