Features
Heating and cooling equipment shipments improved in January: AHRI
Written by David Schollaert
March 8, 2024
Domestic shipments of heating and cooling equipment were up marginally in January, according to the latest data released from the Air Conditioning, Heating, and Refrigeration Institute (AHRI).
Shipments were up 0.2% month on month (m/m) but down 10% year on year (y/y) to 1481,125 units in January. On a 12-month moving average (12MMA) basis, shipments were down 0.8% to 1,744,138 units vs. 1,758,400 units the prior month.
The chart below shows the annual rate of change in total heating and cooling shipments on a three-month moving average (3MMA) basis. It shows January shipments as being down 9%.
January shipments of residential and commercial storage water heaters fell 3% m/m to a combined 783,035 units. Shipments decreased 0.1% y/y from 784,174 units.
Shipments of central air conditioners and air-source heat pumps were down 14% m/m and 21% y/y to 479,374 units. A total of 248,035 AC units and 231,339 heat pump units were shipped in January.
The year-to-date combined total of all products through November stood at 45,774,147 units, up 84% from a year earlier.
The full press release of this data is available on the AHRI website.
An interactive history of heating and cooling equipment shipment data is available on our website. If you need assistance logging in to or navigating the website, please contact us at info@steelmarketupdate.com.
David Schollaert
Read more from David SchollaertLatest in Features
SMU Steel Survey: Sentiment Indices dip as buyer optimism softens
SMU’s Buyers’ Sentiment Indices experienced multi-point declines this week, though both remain positive and continue to reflect optimism among steel buyers for their companies' ability to be successful.
SMU Scrap Survey: Current Buyers’ Sentiment flat, Future Sentiment tumbles
SMU's Current Scrap Buyers' Sentiment Index remained flat this month, while the Future Sentiment Index declined.
Supply chains, end-users brace for impact from tariffs
Supply chains are working through what the tariffs mean for them
Rig counts fall in US and Canada
The number of active oil and gas drill rigs declined this week in both the US and Canada, according to the latest data from Baker Hughes. US rig counts remain just above multi-year lows, while Canadian activity continues its seasonal slowdown.
Breaking News: Commerce releases prelim anti-dumping duties in sweeping trade case targeting CORE imports
The US Commerce Department on Friday released preliminary anti-dumping margins in a trade case targeted imports of coated flat-rolled steel from 10 countries. Certain countries and mills were hammered while others were largely spared. Brazilian steelmaker CSN, for example, received a preliminary rate of 137.76%. Some Turkish mills – including Boreclik and ArcelorMittal Celik Ticaret – received no dumping margin at all.