Economy
October 10, 2019
Census Bureau Data Confirms Slowing Steel Shipments in 2019
Written by Peter Wright
Census Bureau data confirms a slowdown in steel product shipments and new orders in 2019.
Steel industry trade association data from the American Iron and Steel Institute (AISI) and the Metals Service Center Institute (MSCI) are most widely used to assess the state of the industry. In addition, the Census Bureau provides monthly data on manufacturing inventories, shipments and new orders for total U.S. manufacturing and for individual industries, one of which is steel products. Therefore, the Census Bureau provides a useful reality check for association data.
