Steel Products

Domestic Steel Shipments Rise in August: AISI
Written by Ethan Bernard
October 6, 2023
Shipments from US steel mills ticked up in August vs. July and stayed level year over year, according to the latest monthly data from the American Iron and Steel Institute (AISI).
Domestic steel mills shipped 7,663,767 net tons in August, up 1.5% from the 7,550,446 tons shipped the previous month. August 2023 shipments were nearly unchanged from the 7,675,344 tons shipped a year earlier, AISI said.
Year-to-date (YTD) shipments through August totaled 59,530,059 tons, off 2.9% from shipments of 61,324,568 tons in the same period a year earlier.
Comparing YTD shipments in 2023 to the first eight months of 2022 shows the following changes: hot-rolled sheet, up 6%; cold-rolled sheet, down 1%; and corrosion-resistant sheet, down 1%, according to AISI.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Products

Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.

U.S. Steel to halt slab conversion at Granite City Works
U.S. Steel said it plans to reduce slab consumption at its Granite City Works near St. Louis, a company spokesperson said on Monday. The Pittsburgh-based steelmaker will shift the production and processing of steel slabs to its Mon Valley Works near Pittsburgh and its Gary Works near Chicago. Citing a United Steelworkers (USW) union memo, […]

SMU Week in Review: September 1-5
Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on.

HR Futures: Market finds footing on supply-side mechanics
As Labor Day marks the transition into fall, the steel market enters September with a similar sense of change. Supply-side fundamentals are beginning to show signs of restraint: imports are limited, outages loom, and production is capped, setting the stage for a market that feels steady on the surface but still unsettled underneath.

Beige Book: US markets remain cautious amidst volatile pricing environment
Sluggish economic activity across the US was largely attributed to uncertainty caused by tariff policies and growing cost pressures, according to the US Federal Reserve’s (The Fed) latest Beige Book report. The Fed’s latest economic report, posted on Sept. 3, consists of economic findings from the six weeks preceding Aug. 25 throughout 12 districts. Economic […]