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    Analysis

    Heating and Cooling Equipment Shipments Rebound in August

    Written by Brett Linton


    US heating and cooling equipment shipments rebounded 12% in August to 1.99 million units, according to data from the Air Conditioning, Heating, and Refrigeration Institute (AHRI). Total shipments in August were down 3% from levels one year earlier. The average monthly shipments level for the first eight months of 2022 is now 2.02 million units.

    Shipments fell 20% in July to an eight-month low of 1.79 million units, the largest monthly decline in shipments since late 2020, while June saw the fifth-highest monthly shipment rate in our 14-plus-year history.

    Brett Linton

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    Price on Trade: Milwaukee Framework is a step forward on steel excess capacity

    Members of the Global Forum on Steel Excess Capacity (GFSEC) met in Wisconsin last week and unveiled an updated plan to combat market-distorting excess capacity. The Milwaukee Framework adds color to the 2017 “Berlin Principles.” It is also a positive step in the ongoing battle against global steel market distortions. However, the Framework is only a guidepost. It must be implemented correctly to make an impact as new problems loom.