According to data released by the American Iron and Steel Institute (AISI), US steel mill shipments increased 5.3% y/y to 7.72 million net tons in March 2025, compared to the same month last year. This figure increased by 9.8% compared to the previous month, February.
Total steel shipments in the first three months of 2025 reached 22.2 million net tons, an increase of 1.7% compared to the same period in 2024. The data reveal that the US steel industry has started to gain upward momentum in the first quarter of the year, albeit limited.
On a product basis, shipments of cold rolled sheet and strip increased by 1%. In contrast, shipments of hot rolled sheet and strip decreased by 1%, while shipments of corrosion resistant sheet and strip decreased by 2%. This difference between segments reveals that demand varies by product type.
The continued positive trend on a quarterly basis supports the expectations of producers and exporters, while product-based declines point to a balanced recovery in the US steel market.
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