Steel Products
AISI: Raw Steel Production Ticks Up
Written by Becca Moczygemba
September 25, 2023
Domestic raw steel output was up slightly for the week ending Sept. 23, according to data released by the American Iron and Steel Institute (AISI) on Monday, Sept. 25.
Steel production increased to 1,735,000 tons, up 0.1% from the previous week. Year-over-year (YoY) production is up 3% from 1,684,000 tons during the same period in 2022.
The mill capability utilization rate for the week was 76.3% vs. 76.2% the week prior. The mill capability utilization rate for the same period last year was 76.4%.
Adjusted year-to-date production through Sept. 23 was 65,033,000 net tons, with a capability utilization rate of 76.0%. That is a 1.5% decrease from the 65,999,000 net tons during the same time last year, when the capability utilization rate was 79.4%.
- Northeast – 126,000 (down 9,000 tons)
- Great Lakes – 575,000 (up 4,000 tons)
- Midwest – 220,000 (down 3,000 tons)
- South – 744,000 (up 7,000 tons)
- West – 70,000 (up 3,000 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 […]