Steel Products

Steel Shipments in US Fall in July: AISI
Written by Ethan Bernard
September 6, 2023
Steel shipments in the US were down year over year and sequentially in July, according to the latest data from the American Iron and Steel Institute (AISI).
Domestic steel shipments in July totaled 7,550,446 net tons, down 1.4% from the 7,655,692 net tons shipped the previous month, and off 1.6% from the 7,676,083 net tons shipped in July 2022, AISI said.
Year to date (YTD) through July, shipments stood at 51,866,292 net tons, falling 3.3% vs. shipments of 53,649,221 net tons for the same period a year earlier, according to AISI data.
Comparing YTD shipments in the first seven months of 2023 to the same time frame the previous year shows the following: hot-rolled sheet (+4%); cold-rolled sheet (-1%); and corrosion-resistant sheet (-2%).

Ethan Bernard
Read more from Ethan BernardLatest in Steel Products

Steel caucus pushes US trade officials to maintain strong S232 program
The bipartisan Congressional Steel Caucus is pushing for US officials to maintain a robust Section 232 program as they negotiate trade deals with America's trading partners.

Active rig count declines in US, Canada
Oil and gas drilling activity slowed in the US and Canada this past week. An unfamiliar trend after both regions saw repeated gains of late.

Plate market buzzes with rumors of secret deals from mills
Carbon steel plate market participants suspect that this week’s modestly softer prices are the result of quietly negotiated prices between plate purchasers and mills.

HR Futures: Forward curve shifts lower, structure maintains
Scraping lower-quartile $800s on nearby futures is bringing limited trading ideas for CME hot-rolled coil (HRC) at present.

Nucor drops HR spot price to $865/ton
Nucor has lowered its hot-rolled (HR) spot price by another $10 per short ton (st) this week.