Trade Cases
Raw Steel Production Edges Up 0.9%: AISI
Written by David Schollaert
June 26, 2023
Raw steel production by US mills moved higher again last week, gaining ground for the second straight week, according to data released by the American Iron and Steel Institute (AISI) on Monday, June 26.
Domestic production stood at 1,758,000 net tons during the week ended June 24, up 0.9% from 1,743,000 tons the previous week. Production is up 1.2% from the same period last year, when output was 1,738,000 tons.
The mill capability utilization rate was 78.1% last week, up from 77.5% a week earlier. Usage is down, however, from the same week of 2022 when the rate was 79.6%.
AISI said that adjusted year-to-date production through June 24 was 42,486,000 tons at a capability utilization rate of 75.8%. This is down 2.9% from the year-ago period when 43,743,000 tons were produced with an overall capability utilization rate of 80.3%.
Production by region for the week ending June 24 is below. (Note: week-over-week changes are in parentheses.)
- Northeast – 140,000 tons (down 2,000 tons)
- Great Lakes – 571,000 tons (up 7,000 tons)
- Midwest – 216,000 tons (up 2,000 tons)
- South – 766,000 tons (up 6,000 tons)
- West – 65,000 tons (up 2,000 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 David Schollaert, david@steelmarketupdate.com
David Schollaert
Read more from David SchollaertLatest in Trade Cases
Tariff fallout: Canada strikes back, Stellantis idles, GM boosts production
Canada imposes auto tariffs, while automaker Stellantis temporarily idles some plants.
Commerce tags UAE with ‘critical circumstances’ in CORE trade case, South Africa spared
The Commerce Department has made a preliminary determination that ‘critical circumstances’ exist for certain imports of corrosion-resistant (CORE) flat-rolled steel from the United Arab Emirates (UAE). Commerce decided that critical circumstances did not apply to CORE from South Africa. The department also found that critical circumstances did not apply to CORE from UAE producers Al-Ghurair Iron & Steel LLC and United Iron & Steel Company LLC.
Trump’s ‘Liberation Day’ brings 10% baseline tariffs; steel, aluminum, and autos/parts excluded
President Trump’s promised “Liberation Day” has arrived, with a 10% minimum tariff on imports. But there are some very important exceptions: The United States’ USMCA partners, Canada and Mexico, are excluded from the reciprocal tariffs for now. In addition, steel, aluminum, as well as autos and auto parts are excluded from the reciprocal tariffs. That’s […]
Price on Trade: Auto tariffs, auto parts, and Hyundai – a world of rapid changes
Trump's new auto tariffs will apply to passenger vehicles (including sedans, sport utility vehicles, crossover utility vehicles, minivans, and cargo vans), light trucks, and certain automobile parts (including engines and engine parts, transmissions and powertrain parts, and electrical components).
CRU: Canacero urges Mexico-US partnership to fend off Asian steel imports
Victor Cairo, head of Mexico’s steel sector body Canacero and CEO of ArcelorMittal Mexico, says he is confident negotiations between the Mexican and US governments planned for April 2 will lead to the creation of a regional block to substitute imports, especially from Asia.