Steel Products Prices North America
September U.S. Raw Steel Production Inches Upward
Written by Brett Linton
November 13, 2020
U.S. raw steel production remained steady in September, up 0.8 percent to 6,587,000 net tons, as reported by the American Iron and Steel Institute.
AISI’s monthly raw steel production estimates are different than the weekly estimates SMU reports each Tuesday; the monthly estimates are based on over 75 percent of the domestic mills reporting versus only 50 percent reporting for the weekly estimates.
September raw production was 49,000 tons higher than in August, but 1,133,000 tons lower than the same month one year prior. September production was slightly above the 2020 monthly average of 6,581,000 tons, but down 14.7 percent compared to the same month last year.
Broken down by production method, 4,561,000 tons (69.2 percent) were produced by electric arc furnaces (EAFs) and 2,026,000 tons (30.8 percent) were produced by blast furnaces.
The mill capacity utilization rate for September averaged 68.6 percent, up from 65.9 percent in August, but down from 77.4 percent one year ago. The average capacity utilization rate for the year is now 66.8 percent, down from 80.3 percent in the same nine-month period of 2019.
SMU Note: Interactive versions of these raw steel production graphics can be seen in the Analysis section of our website here. We have detailed regional data available as well. If you need assistance logging into or navigating the website, contact us at info@SteelMarketUpdate.com.
Brett Linton
Read more from Brett LintonLatest 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.