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
Domestic HR, offshore prices decline
US hot-rolled (HR) coil prices slipped this week, while tags in offshore markets were also largely down. Thus, the price premium between stateside hot band and imports on a landed basis was relatively unchanged.
Kloeckner, SDI collaborate on aluminum plant in Mississippi
The investment is aimed at growing Kloeckner’s automotive and industrial segment in the US and Mexico.
HVAC shipments slip in September but are still trending higher
Following a strong August, total heating and cooling equipment shipments eased in September to a five-month low, according to the latest data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).
Dodge Momentum moves down again
Slowing growth in data center planning and nonresidential projects caused the Dodge Momentum Index (DMI) to pull back in October.
AISI: US steel shipments slip in September
Domestic steel shipments decreased both on-year and month over month in September.