Steel Products

AISI: Raw Steel Production Rebounds
Written by Becca Moczygemba
September 18, 2023
Raw steel output in the US ticked up for the week ending Sept. 16, a reversal after three weeks of decline, according to data released by the American Iron and Steel Institute (AISI) on Monday, Sept. 18.
Steel production rose to 1,733,000 tons, a 0.7% increase from the previous week’s 1,721,000 tons. Production was also up 2.9% year over year (YoY), when production was 1,684,000 tons.
The mill capability utilization rate for the week was 76.2%, up from the week prior’s 75.7%. However, YoY, capability utilization was down from 2022’s 76.4%.
AISI said that the adjusted year-to-date raw steel production through Sept. 16 was 63,298,000 tons, with a capability utilization rate of 76%. That is down 1.6% from the 64,316,000 tons produced during the same period one year prior with a capability utilization rate of 79.4%.
- Northeast – 135,000 (up 3,000 tons)
- Great Lakes – 571,000 (up 16,000 tons)
- Midwest – 223,000 (up 4,000 tons)
- South – 737,000 (down 7,000 tons)
- West – 67,000 (down 4,000 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.