Steel Products Prices North America

Raw Steel Production Slips Again: AISI
Written by David Schollaert
June 27, 2022
Raw steel production by US mills edged down marginally last week, slipping for the second straight week. Domestic capacity utilization dipped to 80.2% while mill production totaled 1,750,000 net tons in the week ending June 25, the American Iron and Steel Institute (AISI) reported.
US output was down 0.5% versus the week prior and 5.1% below the same year-ago period when production was 1,844,000 net tons. Mill capacity utilization last week was 0.3 percentage points below the prior week and 2.8 percentage points below the same period one year ago when utilization was 83%.
Adjusted year-to-date production through June 25 totaled 44,166,000 net tons, at an average utilization rate of 80.7%. That’s 2% below the same period last year when production was 45,050,000 net tons, though the utilization rate was lower at 79.4%, AISI said.
Production fell in two of five regions last week. Increases in the Great Lakes, Midwest, and South districts week-on-week (WoW) were offset by decreases of 16,000 tons (-9.7% WoW) in the Northeast and 2,000 tons in the West (-3% WoW).
Below is the production by region for the week ending June 25: Northeast, 149,000 tons; Great Lakes, 583,000 tons; Midwest, 208,000 tons; South, 745,000 tons; and West, 65,000 tons – for a total of 1,750,000 net tons, down 8,000 net tons from the prior week.
Note: The raw steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided by approximately 50% of the domestic production capacity combined with the most recent 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 75% of US production capacity.
Given the large number of changes to steelmaking capability in the current rapidly evolving market environment, AISI is undertaking a comprehensive review of its raw steel production and capability utilization statistics to ensure that they accurately reflect market conditions. Any updates to capability will be phased in over several weeks.
By David Schollaert, David@SteelMarketUpdate.com

David Schollaert
Read more from David SchollaertLatest 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 […]