Steel Products

AISI: Raw Steel Output Sees a Small Boost
Written by Becca Moczygemba
July 18, 2023
Raw steel production in the US inched up last week after dropping for two consecutive weeks, according to data released on Monday, July 17, by the American Iron and Steel Institute (AISI).
Steel production in the US rose to 1,716,000 net tons for the week ended July 15, up 0.3% from 1,711,000 the previous week. Domestic production is down 0.3% year-over-year from 1,721,000 net tons in the same week of 2022.
Domestic mill capability utilization rate was 75.5% last week, up from 75.2% the previous week. Utilization was down year over year from 78.1% from the same period one year prior.
The adjusted year-to-date production through July 15 was 47,621,000 tons at a capability utilization rate of 75.8%. That is down 2.7% from 48,920,000 tons from the same period one year ago when the capability utilization rate stood at 80%, AISI said.
Production by region for the week ending July 15 is below. (Note: week-over-week changes are in parentheses.)
- Northeast – 129,000 tons (down 6,000 tons)
- Great Lakes – 535,000 tons (down 18,000 tons)
- Midwest – 214,000 tons (up 6,000 tons)
- South – 768,000 tons (up 18,000 tons)
- West – 70,000 tons (up 5,000 tons)


Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products

US rig count up, Canada declines
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US rig counts expanded for a second straight week, while Canadian activity continued its seasonal slowdown of eight consecutive weeks.

US, offshore CRC prices continue to diverge
US cold-rolled (CR) coil prices declined again this week, slipping for a third straight week. Most offshore markets did the opposite, moving higher this week.

S232 lifts EU HR price over US, Asian HR still well behind
Domestic hot-rolled coil prices were flat this week after dropping for four straight weeks. Most offshore markets bucked the trend and gained ground.

SMU Steel Demand Index dips into contraction
SMU’s Steel Demand Index has moved into contraction, according to late April indicators. The slowdown comes in response to growing tariff uncertainty after the index reached a four-year high in late February.

Nucor selects Fives Group for new galv line at CSI
Nucor Corp. has tapped Fives Group as its partner in designing and manufacturing the new continuous galvanizing line being added at its California Steel Industries (CSI) joint venture in Fontana, Calif.