Steel Product Producers
AISI: Raw Steel Output Down Across All Regions
Written by Becca Moczygemba
November 13, 2023
Raw steel production in the US decreased in the week ended Nov. 11, according to data released by the American Iron and Steel Institute (AISI) on Monday, Nov. 13.
Domestic steel production was down 0.9% to 1,683,000 net tons from 1,699,000 net tons the week prior. This is the second week that production has dropped.
Production is up 5.6% from the 1,594,000 tons produced in the same week one year ago.
The mill capability utilization for the week was 73.2% compared to 73.9% the week before. During the same week one year ago, mill capability utilization was 71.5%
Adjusted year-to-date production through Nov. 11 was 77,005,000 tons at a capability utilization rate of 75.8%. That is 0.6% less than the 77,449,000 tons produced in the same period one year ago when the capability utilization rate was 78.1%.
Production by region is shown below with the week-over-week change shown in parentheses:
- Northeast – 131,000 (down 1,000 tons)
- Great Lakes – 552,000 (down 3,000 tons)
- Midwest – 176,000 (down 3,000 tons)
- South – 755,000 (down 7,000 tons)
- West –69,000 (down 2,000 tons)
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Product Producers
AISI: Raw steel production eases to 5-week low
Domestic raw steel mill production slipped to a five-week low last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Weekly production is now at the third-lowest level recorded this year.
Vale, Cyclone Metals enter MoU for iron ore project in Canada
Brazilian miner Vale SA has entered into a Memorandum of Understanding (MoU) with Australia-based Cyclone Metals Ltd. to develop the Iron Bear iron ore project in Eastern Canada.
Nucor maintains HR price at $750/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.
October service center shipments and inventories report
Flat rolled = 63.4 shipping days of supply Plate = 52.4 shipping days of supply Flat rolled shipments and inventories Flat-rolled steel supply at US service centers remains seasonally high. October inventories increased after edging lower in September – a dynamic driven largely by disappointing demand. October’s report reflects lower demand and stable lead times […]
Russel Metals to acquire Tampa Bay Steel
Tampa Bay Steel, a Florida-based steel distributer and metal processer, generated average annual revenues of about US$115 million