Steel Markets
AHRI: Heating and Cooling Shipments Up Again in March
Written by Becca Moczygemba
May 12, 2023
US heating and cooling equipment shipments were up for the second straight month in March, according to the most recent data released from the Air Conditioning, Heating, and Refrigeration Institute (AHRI).
Total shipments in March were 2.03 million units, compared to 1.69 million units in February. While shipments were up month over month (MoM), they were down 11% year over year (YoY).
On a 12-month moving average (12MMA) basis, shipments were down to 1.88 million units per month compared to 2.04 million units in March 2022.
As shown in the chart below, total heating and cooling shipments on a three-month moving average (3MMA) basis through March were down 10% compared with the same period last year.
Residential and commercial storage water heater shipments decreased 9% YoY to a combined 882,119 units in March, but increased MoM from 803,673 units.
March shipments of warm air furnaces totaled 269,320 units, an increase of 15% compared to February, but down 26% from a year earlier.
Central air conditioners and air-source heat pump shipments were up 35% MoM but dropped by 11% YoY. Units shipped in March totaled 877,912. When broken down by product, 496,539 air conditioners and 381,373 heat pumps were shipped, respectively.
The full press release from which this data comes from is available on the AHRI website.
An interactive history of heating and cooling equipment shipment data is available on our website. If you need assistance logging in to or navigating the website, please contact us at info@steelmarketupdate.com.
By Becca Moczygemba, becca@steelmarketupdate.com
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Markets
Still no cure for the summertime HR market blues
Seasonal steel slowdowns combined with ongoing anxieties about tariffs and mill strategies have dampened sentiment for several hot-rolled steel market participants this week. Buyers are jittery, market stands still The operator of a Midwest-based service center said that steel buyers are scared. “Everyone is afraid to buy steel right now. Unless you’re on a […]
SSAB Americas reports higher Q2 production and shipments
Despite improved operating results, SSAB Americas' second-quarter and H1’25 profits fell short of those of last year.
Global steel production slips in June
The total volume of raw steel produced around the globe fell by 5% from May to June, according to recent data published by the World Steel Association (worldsteel).
Market sentiment shows improvement: PMA Business Conditions Report
Metalforming manufacturers say they’re more confident that near-term economic conditions are improving
Galvanized steel prices and demand remain stagnant in July: HARDI
Galvanized steel prices ping-ponged in the $50/hundredweight range during the month of July, settling in at roughly the same position as in June.