Steel Products Prices North America
Weekly Raw Steel Production Dips 0.2%
Written by Becca Moczygemba
May 8, 2023
Raw steel production by US mills dropped slightly last week vs. the previous week, according to data released by the American Iron and Steel Institute (AISI) on Monday, May 8.
Domestic steel production was 1,712,000 net tons during the week ended May 6, off 0.2% from 1,716,000 tons the prior week. Production was 3.4% lower than the same week of 2022 when 1,773,000 tons were produced.
The overall mill capability utilization rate was 76.1% last week, down from 76.3% a week prior and down from 81.2% in the same week last year.
AISI said that adjusted year-to-date production through May 6 was 30,098,000 tons at a capability utilization rate of 74.7%. This is down 4.3% from the year-ago period when 31,461,000 tons were produced with an overall capability utilization rate of 80.3%.
Weekly output increased in three regions and fell in two. Production dropped most significantly in the Midwest. Regional production for the week ending May 6 is shown below with week-over-week changes noted in parentheses:
- Northeast – 139,000 tons (down 8,000 tons)
- Great Lakes – 580,000 tons (up 5,000 tons)
- Midwest – 208,000 tons (down 12,000 tons)
- South – 717,000 tons (up 10,000 tons)
- West – 68,000 tons (up 1,000 tons)
Note: The raw steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnages 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 Becca Moczygemba, becca@steelmarketupdate.com
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products Prices North America
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 […]
ArcelorMittal Dofasco increases spot sheet prices
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]
Nucor raises HR spot price to $775/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $775 per short ton (st) on Monday, Feb. 3. The $15/st week-on-week (w/w) rise marks the first back-to-back increases in the steelmaker’s weekly CSP since last August, according to SMU’s mill price announcement calendar. Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also up […]
Nucor raises HR spot price to $760/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $760 per short ton (st) on Monday, Jan. 21. The $10/st week-on-week (w/w) rise marks the first increase in the CSP since Nov. 12. According to SMU’s mill price announcement calendar, the Charlotte, N.C.-based steelmaker held the weekly price at $750/st for 11 […]