Economy
Steel Shipments Up in Jan. vs. Dec.: AISI
March 13, 2023
US steel shipments rose 3.6% in January vs. December, but fell 7.9% year over year, according to the most recent figures from The American Iron and Steel Institute (AISI).
Domestic steel mills shipped 7,148,270 net tons in January, up from 6,901,567 net tons shipped the prior month, but falling from the 7,757,807 net tons shipped in January 2022.
AISI said a comparison of January 2023 shipments to the same month a year earlier shows the following changes: hot-rolled sheet (-12%); cold-rolled sheet (-10%); and corrosion-resistant sheet and strip (-7%).
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Economy
Steel groups welcome passage of budget bill
Steel trade groups praised the passage of the Big Beautiful Bill (BBB) in Congress on Thursday.
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.