Economy
Domestic Steel Shipments Down 2.4% in May: AISI
July 6, 2023
Steel shipments in the US fell 2.4% in May compared with a year earlier, the American Iron and Steel Institute (AISI) said Thursday.
Domestic steel mills shipped 7,721,633 net tons in May vs. 7,910,730 net tons in May 2022, but shipments increased 3% from the 7,499,979 net tons shipped in April, according to AISI. Year-to-date (YTD) through May shipments totaled 36,660,154 net tons, off 4.4% from 2022 shipments of 38,366,809 net tons in the same period.
AISI said that comparing shipments YTD in 2023 to the first five months of 2022 showed: hot rolled sheet (no change), cold-rolled sheet (-2%), and corrosion-resistant sheet (-4%).
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Economy
Steel Summit: Dr. Basu blames tariffs for riskier path ahead
Steel executives packed the main conference hall of the 2025 SMU Steel Summit on Tuesday, Aug. 26, to hear economist Dr. Anirban Basu lay out his blunt view of tariffs, inflation, and demand.
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.
US housing starts gain momentum in July
US housing starts rose in July both month-on-month and year-on-year, according to figures from the US Census Bureau.
Manufacturing in New York state improves again in August
Business activity in New York state improved modestly in August. It was just the second positive reading for the general business conditions index in six months.
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.