Steel Markets
AISI: November steel shipments rise on-year but slip from October
Written by Ethan Bernard
January 9, 2024
Domestic steel mill shipments increased in November vs. a year earlier, but fell month over month.
US mills shipped 7,175,177 net tons in November, a year-over-year increase of 4.1% from 6,892,343 tons, according to the most recent data from the American Iron and Steel Institute (AISI). However, this was off 2.3% from 7,346,373 tons in October.
Year-to-date shipments through the first 11 months of 2023 stood at 82,255,551 tons, a drop of 0.4% from 82,567,565 tons in the same period in 2022, AISI said.
Comparing YTD 2023 vs. the first 11 months of 2022 shows the following changes: hot-rolled sheet, up 13%; cold-rolled sheet, up 3%; and corrosion-resistant sheet, up 1%.
Ethan Bernard
Read more from Ethan BernardLatest in Steel Markets
CRU: Sheet import demand softens as domestic price gains have slowed
US domestic sheet price gains have begun to slow as previously pulled-forward demand has led to a decline in orders.
CMC looks beyond Arizona micro-mill woes to long-term viability of construction mart
Despite the economic and geopolitical upheaval of the last five years, CMC President and CEO Peter Matt points out that the construction market has been an essential element of the way forward.
US importers face stricter rules under revamped S232 tariffs
“CBP expects full compliance from the trade community for accurate reporting and payment of the additional duties. CBP will take enforcement action on non-compliance," the agency said in a March 7 bulletin.
Steel exports rebound in January
US steel exports recovered to a five-month high in January after having fallen to a two-year low in December. This growth follows four consecutive months of declining exports.
Construction spending drops marginally in January
Construction spending edged down slightly in January, slipping for the first time in four months. The US Census Bureau estimated spending at a seasonally adjusted annual rate of $2,196 billion in January, down 0.2% from December’s downward revised rate. The January figure is 3.3% higher than a year ago. January’s result, despite the slight erosion, […]