Economy
July 6, 2023
Domestic Steel Shipments Down 2.4% in May: AISI
Steel shipments in the US fell 2.4% in May compared with a year earlier, the American Iron and Steel Institute (AISI) said Thursday.
Domestic steel mills shipped 7,721,633 net tons in May vs. 7,910,730 net tons in May 2022, but shipments increased 3% from the 7,499,979 net tons shipped in April, according to AISI. Year-to-date (YTD) through May shipments totaled 36,660,154 net tons, off 4.4% from 2022 shipments of 38,366,809 net tons in the same period.
AISI said that comparing shipments YTD in 2023 to the first five months of 2022 showed: hot rolled sheet (no change), cold-rolled sheet (-2%), and corrosion-resistant sheet (-4%).
By Ethan Bernard, ethan@steelmarketupdate.com
