Steel Product Producers
Raw Steel Down in First Week of October: AISI
Written by Becca Moczygemba
October 9, 2023
US raw steel production dropped for the week ending Oct. 7, according to data released by the American Iron and Steel Institute (AISI) on Monday, Oct. 9.
Domestic steel production fell 1.4% to 1,698,000 tons from 1,722,000 tons the week prior. Compared to the same period one year ago, production was up 3.3% when 1,644,000 tons were produced.
The mill capability utilization rate for the week was 74.7% compared to 75.7% a week earlier. During the same period in 2022, the mill capability utilization rate was 73.7%.
Adjusted year-to-date production through Oct. 7 was 68,468,000 tons, at a capability utilization rate of 75.9%. That was down 1.2% from the 69,327,000 tons during the same period one year ago when the capability utilization rate was 78.8%.
- Northeast – 132,000 (down 2,000 tons)
- Great Lakes – 558,000 (down 10,000 tons)
- Midwest – 204,000 (down 2,000 tons)
- South – 738,000 (down 8,000 tons)
- West – 66,000 (down 2,000 tons)
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Product Producers
USS/Nippon deal: Who will have the happiest holidays?
Will Santa bring gifts for the leadership, employees, and shareholders of U.S. Steel and Nippon Steel, and lumps of coal for USW leadership and politicians opposed to the deal?
Gilmore upbeat on year two as standalone Worthington Steel
Worthington Steel's CEO feels optimistic as the company heads into its second year as a standalone company.
‘Orderly liquidation’ of AHMSA assets begins
A trustee has formally taken over AHMSA and begun the liquidation process of the bankrupt Mexican steelmaker.
Nippon buying stake in Canadian iron ore project
Nippon Steel and a Japanese trading company have entered an agreement to buy a 49% interest in a Champion Iron ore project in Canada.
Metalformers slightly more optimistic heading into 2025
Most expect activity to hold steady or increase over the next three months.