Steel Products

AISI: Raw Steel Output Falls, South Sees Large Decline
Written by Becca Moczygemba
September 5, 2023
Domestic raw steel production was slightly down last week as the South showed the largest regional decline, according to data released by the American Iron and Steel Institute (AISI) on Monday, Sept 5.
Domestic steel output dropped to 1,729,000 for the week ended Sept. 2. That’s down 0.2% from 1,733,000 tons the previous week. Production is 1.2% higher than it was in the same period one year ago when domestic output was 1,709,000 tons.
The mill capability utilization rate for the week was 76.0%, down from 76.2% the week prior. Utilization was also down from one year ago when the utilization rate stood at 77.5%.
Adjusted year-to-date production through Sept. 2 was 59,844,000 tons with a capability utilization rate of 76%. That is down 1.8% from the 60,948,000 tons during the same time frame last year, when the capability utilization rate was 79.7%, AISI said.
Production by region for the week ending Sept. 2 is below, with the South showing the steepest drop. (Note: Changes from the prior week are in parentheses.)
- Northeast – 135,000 tons (up 5,000 tons)
- Great Lakes – 560,000 tons (up 6,000 tons)
- Midwest – 234,000 tons (up 10,000 tons)
- South – 731,000 tons (down 23,000 tons)
- West – 69,000 tons (down 2,000 tons)

Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products

US HR prices surge above offshore tags
Hot-rolled (HR) coil prices leaped in the US this week, while tags abroad saw more measured gains. The result: US hot band prices have become even more expensive than imports on a landed basis. In fact, the premium US HR prices carry over HR prices abroad now stands at a 12-month high.

US rig counts inch up again, Canadian activity slips
The latest oil and gas rig count in the US increased slightly from last week, while Canadian activity edged lower, according to Baker Hughes.

SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]

CRU: Rising protectionism impacts global steel trade
US sheet prices surge following tariff announcement

SMU Community Chat replay now available
The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]