Steel Products

AISI: US steel shipments up in May from April, off from 2023
Written by Ethan Bernard
July 5, 2024
Domestic steel shipments increased in May month over month but have fallen on-year.
Steel mills in the US shipped 7,431,201 short tons (st) in May, up 1% from 7,356,130 st a month earlier, according to the latest figures from American Iron and Steel Institute (AISI). Still, that’s down 3.8% from 7,721,633 st in May 2023.
Year-to-date (YTD) shipments through May stood at 36,607,546 st, off 3.3% from 37,860,154 st for the first five months of last year.
Comparing YTD shipments through May vs. the same period a year earlier shows: cold-rolled sheet, up 4%; corrosion-resistant steel, down 2%; and hot-rolled steel, also down 2%.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Products

CRU: US stainless prices to rise on expanded S232 tariffs
Stainless prices in the US market will rise, following price increases by major US producers. Our base case scenario incorporates higher US prices in the near term, despite the initial negative reaction by the market. US stainless prices will go up in 2025 H2 and will stay elevated in 2026 as tariffs on stainless […]

Galvanized steel demand unsteady amid lingering buyer fatigue: HARDI
Uneven demand for galvanized steel in June reflects a market that remains mired in uncertainty, according to industry sources.

OCTG industry salutes Customs for catching trade crooks
The US OCTG Manufacturers Association is commending US Customs for intercepting another Thai company's attempt to illegally transship Chinese oil pipe to the US.

Whirlpool says tariffs will bolster business
“Economically, the business case for products made in the us has become a lot more attractive," the CEO told Fox Business.

Worthington Enterprises buys Elgen Manufacturing
Worthington Enterprises acquires HVAC products maker Elgen Manufacturing.