Steel Products

AISI: US steel shipments slip in September
Written by Ethan Bernard
November 5, 2024
Domestic steel shipments decreased both year over year and month over month in September.
US steel mills shipped 7,083,141 short tons (st) in September, according to the the American Iron and Steel Institute (AISI). That represents a 2.9% drop from the 7,292,562 st shipped in August. It’s also off 1.2% from the 7,169,942 st shipped in September 2023.
Year-to-date shipments through September stood at 65,296,115 st. That’s down 3.6% from 67,734,001 st in the same 2023 comparison.
Comparing YTD shipments for the first nine months of 2024 with those a year earlier shows: cold-rolled sheet, up 4%; corrosion-resistant steel, off 1%; and hot-rolled steel, down 5%.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Products

OCTG producers in Canada take aim at Mexico, US, others
Evraz NA and Welded Tube of Canada have lodged an unfair trade complaint against imports of OCTG, including those from USMCA trading partners Mexico and the US.

Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.

CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]

Steel buyer spirits tempered by soft spot market conditions
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.