Steel Products Prices North America
Another Strong Week for Steel Production; Mill Utilization at 79.3 Percent
Written by Tim Triplett
August 28, 2018
The American Iron and Steel Institute reported a mill capability utilization rate for the week ending Aug. 25 of 79.3 percent, down slightly from 79.5 percent in the prior week, but up from 75.8 percent in the same week last year.
Raw steel production for the week ending Aug. 25 totaled 1,858,000 net tons, the sixth week in a row that steel output topped 1.8 million tons. Steel production in the U.S. was down a slight 0.3 percent from the previous week but up 5.1 percent from the same period last year.
Adjusted year-to-date producton through Aug. 25 totaled 60,993,000 net tons at a capability utilization rate of 77.0 percent. That’s up 3.7 percent from 58,823,000 tons in the same period last year when the capability utilization was 74.6 percent.
Following is production by district for the week of Aug. 25: North East: 207,000 net tons; Great Lakes, 691,000 net tons; Midwest, 192,000 net tons; South, 683,000 net tons; and West, 5,,000 net tons, for a total of 1,858,000.
Note, mill capability for third-quarter 2018 is approximately 30.8 million tons, compared to 30.6 million tons for the same period last year and 30.5 million tons for second-quarter 2018.
The raw steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage 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 monthly production report provides a more detailed summary of steel production based on data supplied by companies representing 75 percent of U.S. production capacity.
Tim Triplett
Read more from Tim TriplettLatest 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 […]