Steel Markets

AISI: December steel shipments up on-year but off from November
Written by Ethan Bernard
February 7, 2024
Domestic steel shipments in December were higher year over year but were down from the previous month, according to the latest data released by the American Iron and Steel Institute (AISI).
US steel shipments totaled 7,082,921 short tons in December, off 1.3% from the 7,175,177 st shipped in November, but up from the 6,901,567 st shipped a year earlier.
Full-year 2023 shipments were 89,338,472 st, edging down 0.1% from 2022 shipments of 89,469,132 st.
Comparing full-year 2023 shipments to 2022, AISI said hot-rolled sheet shipments increased by 14%, cold-rolled sheet by +4%, and corrosion-resistant sheet by +1%.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Markets

Housing starts slide in August, but interest rate cut should help
Housing starts slowed in the US in August as affordability challenges and cautious builder sentiment weighed on new construction activity.

Trading firms Mercuria and Tata International partner in joint venture
Geneva-based global commodities trader Mercuria is set to acquire a majority stake in Tata International, according to a report in India's Economic Times.
Glenfarne Alaska LNG and POSCO ink preliminary partnership
Glenfarne Alaska LNG and POSCO signed a preliminary strategic agreement during the GasTech Conference in Milan on Thursday.

Steel export volumes remain weak through July
Following a 3% decline in June, the amount of steel shipped outside of the US edged up 1% in July to 623,000 short tons. July was the sixth-lowest monthly export rate since the COVID-19 pandemic, and...

Hot-rolled market participants say ‘doldrums’ to roll on through year-end
Participants in the hot-rolled steel sheet market expect the market to remain subdued through the end of the year.