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

CRU: Sheet import demand softens as domestic price gains have slowed
US domestic sheet price gains have begun to slow as previously pulled-forward demand has led to a decline in orders.

CMC looks beyond Arizona micro-mill woes to long-term viability of construction mart
Despite the economic and geopolitical upheaval of the last five years, CMC President and CEO Peter Matt points out that the construction market has been an essential element of the way forward.

US importers face stricter rules under revamped S232 tariffs
“CBP expects full compliance from the trade community for accurate reporting and payment of the additional duties. CBP will take enforcement action on non-compliance," the agency said in a March 7 bulletin.

Steel exports rebound in January
US steel exports recovered to a five-month high in January after having fallen to a two-year low in December. This growth follows four consecutive months of declining exports.

Construction spending drops marginally in January
Construction spending edged down slightly in January, slipping for the first time in four months. The US Census Bureau estimated spending at a seasonally adjusted annual rate of $2,196 billion in January, down 0.2% from December’s downward revised rate. The January figure is 3.3% higher than a year ago. January’s result, despite the slight erosion, […]