Steel Products

Domestic Steel Shipments Up in June vs. Last Year: AISI
Written by Ethan Bernard
August 9, 2023
Steel shipments in the US rose year-over-year in June but decreased sequentially, according to the latest figures from the American Iron and Steel Institute (AISI).
US steel mills shipped 7,655,692 net tons in June, up 0.6% from 7,606,332 tons in June 2022, but off 0.9% from the 7,721,633 tons shipped in May, AISI said on Tuesday.
Year-to-date (YTD) shipments for the first six months of 2023 fell 3.6% to 44,315,846 net tons vs. the same period last year, according to AISI’s data.
Comparing YTD shipments this year vs. H1 2022 shows hot-rolled sheet up 3%, cold-rolled sheet down 1%, and corrosion-resistant sheet down 3%.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Products

Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.

CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]

Steel buyer spirits tempered by soft spot market conditions
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.

CRU: US stainless prices to rise on expanded S232 tariffs
Stainless prices in the US market will rise, following price increases by major US producers. Our base case scenario incorporates higher US prices in the near term, despite the initial negative reaction by the market. US stainless prices will go up in 2025 H2 and will stay elevated in 2026 as tariffs on stainless […]