Economy
January 12, 2022
Steel Product Shipments and Inventories Through November
Written by David Schollaert
U.S. steel product shipments rose for a seventh straight month in November, expanding by 0.7% versus the prior month. The pace of growth had been steadily rising over the past few months, however, the rate of rise eased in November, the first such shift since May.
New orders for steel production, while fractionally higher in November, were outpaced by steel shipments for the first time all year. This shift suggests an easing in steel demand as prices have begun to erode.
