Economy
October 6, 2021
Steel Product Shipments and Inventories Through August
Written by David Schollaert
U.S. steel product shipments rose for a fourth consecutive month in August, but at a slower pace, just 0.6% above July’s total. Despite the slow pace of growth, steel product shipments have been on a steady upward trend for much of the year.
Although the expansion in steel product shipments and new orders continued, the rate of growth eased in August, in line with mill outages, labor shortages, supply chain disruptions, and other factors impacting the steel and manufacturing industries.
