Steel Products Prices North America
October Raw Steel Production Up 1%
Written by Brett Linton
November 29, 2013
The American Iron & Steel Institute (AISI) reported their final raw steel production numbers for the month of October 2013. This estimation is different than the weekly raw steel production as it is based on 75 percent of the domestic mills reporting vs. 50 percent for the weekly estimates.
Total raw steel production for the month of October was reported to be 8,114,457 net tons with 4,951,178 NT being produced by electric arc furnaces (EAF) and 3,163,279 NT produced by blast furnaces. October raw steel production was reported by the AISI to be 1.0 percent higher than the previous month.
Total raw steel production in 2013 throughout October is now 80,091,546 NT which is 2.8 percent below that of 2012 through the same time period. The capacity utilization rate for the month of October was reported to be 76.5 percent and 77.0 percent in average for 2013 so far. (Source: AISI)
Below is a chart showing the monthly production figures in a 3-month moving average.
Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America
Nucor slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]
Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]