Steel shipments bounce back in October

American steel mills sent out more tons of steel in October than the previous month, according to the latest monthly data from the American Iron and Steel Institute (AISI).

Domestic mills shipped 7,346,373 net tons in October, up 1.3% from the 7,252,942 tons sent out in September. Shipments were also up 1.9% compared to the 7,210,301 tons shipped in October 2022.

Year-to-date (YTD) shipments through October totaled 74,129,374 tons, down 2% compared to 75,675,222 tons shipped during the same period last year.

Comparing YTD shipments in 2023 to the first ten months of 2022 shows the following changes: hot-rolled sheet, up 8 %; cold-rolled sheet, unchanged, and corrosion-resistant sheet, down 2%.

Becca Moczygemba

Becca Moczygemba is a reporter and editor for Steel Market Update. She has been in the steel industry since 2017, specializing in flat-rolled products. Prior to joining SMU, she held positions at Mitsui & Co. and Kloeckner Metals. Becca has a BA in Organizational/Corporate Communication from the University of Houston and an MBA from Norwich University. Contact Becca at becca@steelmarketupdate.com or 724-720-1000.