Steel Products Prices North America
Weekly Raw Steel Production Down 8.8 Percent Over One Year Ago
Written by Brett Linton
June 8, 2015
For the week ending June 6, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,722,000 net tons of raw steel, a 1.3 percent increase over the previous week but an 8.8 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.8 percent, up from 71.9 percent last week but down from 78.5 percent last year.
Estimated total raw steel produced for 2015 YTD is reported to be 38,364,000 tons, down 7.3 percent from the 41,394,000 tons produced during the same period in 2014. The average capacity utilization rate for 2015 YTD is estimated to be 72.3 percent, down from 77.3 percent for 2014 YTD.
Note that the total production capability figure for Q2 2015 is based on 30,700,000 tons versus 31,300,000 tons for Q2 2014 and 30,400,000 tons for Q1 2015.
Week-over-week changes per district are as follows: Northeast at 226,000 tons, up 3,000 tons. Great Lakes at 593,000 tons, down 38,000 tons. Midwest at 214,000 tons, up 1,000 tons. South at 602,000 tons, up 49,000 tons. West at 87,000 tons, up 7,000 tons. Total production was 1,722,000 tons, up 22,000 tons.
SMU Note: Below is a graphic showing the weekly raw steel production history. To use the graphs interactive capabilities, you must view it on our website. You can do this by clicking here. If you need help navigating the website or need to know your login information, contact us at info@SteelMarketUpdate.com or by calling 800-432-3475.
Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America
BREAKING NEWS: NLMK USA up $50/ton on HR and CR, up $100/ton on coated
NLMK USA plans to increase prices for hot-rolled and cold-rolled coil by at least $50 per short ton (st). The move is effective immediately for all spot orders, the steelmaker said in a letter to customers on Friday.
SMU Price Ranges: Sheet floor holds as market debates upside
Our average HR coil price increased $5/short ton from last week, marking a second consecutive week of modest gains. Market participants generally attributed the increase to...
Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.
SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.
SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).