Steel Products Prices North America

Weekly Raw Steel Production Flat
Written by John Packard
September 16, 2014
In the week ending September 13, 2014, domestic raw steel production was 1,882,000 net tons while the capability utilization rate was 78.2 percent. Production was 1,875,000 net tons in the week ending September 13, 2013, while the capability utilization then was 78.3 percent. The current week production represents a 0.4 percent increase from the same period in the previous year. Production for the week ending September 13, 2014 is down 0.2 percent from the previous week ending September 6, 2014 when production was 1,885,000 net tons and the rate of capability utilization was 78.4 percent.
Adjusted year-to-date production through September 13, 2014 was 67,875 net tons, at a capability utilization rate of 77.2 percent. That is up 0.7 percent from the 67,425 net tons during the same period last year, when the capability utilization rate was 77.0 percent.
Broken down by districts, here’s production for the week ending September 13, 2014 in thousands of net tons: North East: 218; Great Lakes: 689; Midwest: 238; Southern: 654 and Western: 83 for a total of 1,822.
The Raw Steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided from 50 percent of the domestic producers combined with monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends. The AISI production report “AIS 7,” published monthly and available by subscription, provides a more detailed summary of steel production based on data supplied by companies representing over three quarters of U.S. production capacity.
Note: Capability for the Third Quarter 2014 is approximately 31.6 million tons versus 31.5 million tons for the same period last year and 31.3 million tons for the Second Quarter of 2014. (Source: American Iron & Steel Institute)

John Packard
Read more from John PackardLatest 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 […]