Steel Products Prices North America
Weekly Raw Steel Production Eases to Four-Month Low
Written by Brett Linton
August 2, 2022
Domestic raw steel production eased to a four-month low of 1,727,000 net tons for the week ending July 30, reported the American Iron and Steel Institute. This is the lowest weekly production figure reported since early April. The mill capability utilization rate declined to a 14-month low of 78.4%, marking the fourth week below 80%.
US production is down 1.5% versus the week prior and down 7.3% compared to the same week last year. The mill capability utilization rate is down 1.2 percentage points from the prior week and 6.0 percentage points below the same period one year ago.
Adjusted year-to-date (YTD) production through July 30 now totals 52,747,000 net tons, at an average utilization rate of 80.2%. YTD production is down 2.9% from the same period last year, AISI said.
Production by region was: Northeast, 166,000 tons; Great Lakes, 562,000 tons; Midwest, 207,000 tons; South, 728,000 tons; and West, 64,000 tons.
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.
By Brett Linton, Brett@SteelMarketUpdate.com
Brett Linton
Read more from Brett LintonLatest 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 […]