Steel Products
AISI: US steel shipments slip y/y in March
Written by Ethan Bernard
May 2, 2024
March US steel mill shipments were down on-year but up sequentially, according to the most recent American Iron and Steel Institute (AISI) data.
Domestic steel mills shipped 7,338,349 short tons (st) in March, down 5.7% from 7,779,430 st a year earlier. However, shipments were up 3.4% from 7,097,512 st in February, AISI said.
Year-to-date (YTD) shipments through March 2024 were 21,820,310 st, off 3.6% from 2023 shipments of 22,638,542 st in the same period.
Comparing Q1’24 shipments to Q1’23 shows cold-rolled sheet up 4%, corrosion-resistant steel down 3%, and hot-rolled steel down 3%.
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 […]