Steel Product Producers

AISI: Domestic steel shipments slip in June
Written by Ethan Bernard
August 7, 2024
US steel shipments fell both on-year and month over month in June, according to the latest figures from the American Iron and Steel Institute (AISI).
Domestic steel shipments totaled 7,152,135 short tons (st) in June. That’s down 3.8% from 7,431,201 st in May, and off 6.6% from the 7,655,692 st shipped one year earlier.
Year-to-date (YTD) shipments through the first six months of 2024 stood at 43,759,681 st, down 3.9% from the same period last year.
Comparing YTD shipments through June to the first six months of 2023 shows: cold-rolled sheet, up 4%; corrosion-resistant steel, down 2%; and hot-rolled steel, off 4%.
Ethan Bernard
Read more from Ethan BernardLatest in Steel Product Producers
Loss-making GrafTech shifts volumes to US amid global price pressure
GrafTech reported higher shipments and sales in the third quarter, but continued to lose money. It attributed the continued losses to persistent pricing pressure and global trade uncertainty.
CRU: JSW Steel powers to four-fold profit rise
India's JSW Steel reported a 307% year-on-year (y/y) jump in net profit to INR16.5 bn ($188 million, €161 million) in fiscal Q2.
Wheeling-Nippon Steel raises Galvalume coating extras
The steelmaker released updated extras to customers on Oct. 15, marking the second adjustment in just six weeks following their early September revision
Cliffs offloading some FPT assets, considering HBI plant sale as well
Lourenco Goncalves confirmed that Cleveland-Cliffs is actively selling off portions of its Ferrous Processing and Trading (FPT) assets. Its direct reduction plant in Toledo, Ohio, may also be up for grabs...
Reliance profits dip amid trade policy headwinds
Reliance Inc. reported lower profits in the third quarter amid trade woes and abundant inventory in the market.
