Weekly Raw Steel Production Slips Again

Raw steel production by U.S. mills totaled 1,796,000 net tons in the week ending Jan. 29, slipping for the second straight week, reported the American Iron and Steel Institute.

Domestic output was down 1.6% versus the prior week, but was still 3.5% higher than the same year-ago period when production was 1,736,000 net tons. Mill capacity utilization last week averaged 81.6%, a slim 0.3 percentage point decline from the prior week yet still 5.0 percentage points higher than in the same period one year ago.

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

Latest in Prices

Nucor aims for a $60/ton bump on plate prices, opens November orderbook

SMU Price Ranges: Sheet, plate tick higher as supply squeeze poised to drag into Q4

Nucor increases spot HR to $1,220/ton

US sheet buyers grapple with mill delays as supply pressure spreads

AMU Survey: Aluminum scrap outlook turns toward oversupply