Steel Products Prices North America
March Raw Steel Production
Written by John Packard
April 28, 2014
According to the American Iron and Steel Institute (AISI) domestic raw steel production totaled 8,273,082 net tons (all products). Of the total 60 percent was produced by electric arc furnaces and the balance by blast/BOF furnaces. Carbon steel products totaled 7,681,790 net tons with 4,665,056 tons being produced by EAF’s and the balance, 3,016,734 tons by fully integrated mills.
Through the first three months 2014 total steel production was 23,849,005 tons (all products). Carbon steel products totaled 22,100,611 tons, and increase of 95,455 tons more than the first three months 2013.
Capacity utilization rates for the month of March were adjusted to 77.7 percent and for the year, 77.1 percent.
Below is a graph showing the monthly production levels on a three month moving average. After following a downward slope since September 2013, production levels increased in March to an average of 7,949,668 tons
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Community Chat: Timna Tanners on ‘Trumplications’ for steel in 2025
Wolfe Research's Managing Director Timna Tanners discusses the 'Trumplications' for steel in the coming year in this week's SMU Community Chat.
Nucor raises hot rolled spot price to $750/ton
Nucor raised its weekly consumer spot price (CSP) for HRC this week to $750/short ton.
SMU price ranges: Most sheet and plate products drift lower
Steel sheet prices mostly edged lower for a second week, while plate prices slipped for the third consecutive week.
Nucor drops HRC price to $720/ton
After holding its weekly spot price for hot-rolled (HR) coil steady for three weeks at $730 per short ton (st), Nucor lowered the price this week by $10/st.
SMU price ranges: Sheet slips, plate falls to 45-month low
Steel sheet and plate prices moved lower this week as efforts among some mills to hold the line on tags ran up against continued concerns about demand.