Economy
US Steel Shipments Down 5.9% in March: AISI
May 10, 2023
US steel shipments fell 5.9% in March vs. the same month last year, according to the most recent figures released by the American Iron and Steel Institute (AISI) on Tuesday.
Domestic steel mills shipped 7,372,430 net tons in March, off from 7,835,600 net tons shipped a year earlier, but up 6.6% from the 6,917,842 net tons shipped in February.
Year-to-date shipments in 2023 stood at 21,438,542 net tons, falling 6.1% from 2022 shipments of 22,826,084 net tons for the first three months of last year.
Comparing year-to-date shipments this year to the first three months of 2022 yields: corrosion resistant sheet and strip (-5%); hot-rolled sheet (-8%); and cold-rolled sheet (-8%).
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Economy
ISM: US manufacturing poised for growth in 2025
“Manufacturers are optimistic,” said Timothy R. Fiore, chair of ISM’s Manufacturing Business Survey Committee.
New York state manufacturing activity stable in December
Following a substantial recovery in November, business activity in New York state’s manufacturing sector held steady in December, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.
Ternium chief say Mexico tariffs ‘irrational’
Vedoya said the proposed tariffs are "an irrational measure that would harm both their own industry and ours."
Slowing data center, warehouse planning drives decline in Dodge index
The Dodge Momentum Index (DMI) slid further in November as planning for data centers and warehouses continued to decline.
Beige Book shows some positive economic activity
Still, many businesses noted increased sensitivity to prices and quality among customers.