Steel Products
AISI: Two regions see boost in raw steel output
Written by Becca Moczygemba
December 4, 2023
Raw steel production in the US rose in the week ended Dec. 2, according to the American Iron and Steel Institute’s (AISI’s) report on Monday, Dec. 4.
Domestic steel production of 1,702,000 net tons during the week was up 0.9% from 1,687,000 tons the previous week. The Midwest and Western regions had larger tonnage increases compared to the other regions.
Production was up 7.1% from the 1,589,000 tons manufactured during the same week on year ago.
The mill capability utilization for the week was 74.1% compared to 73.4% the week prior. During the same week in 2022, the mill capability utilization rate was 71.2%
Adjusted year-to-date production through Dec. 2 was 81,943,000 tons at a capability utilization rate of 75.5%. That is 0.3% less than the 82,226,000 tons produced during the same period last year when the rate was 78.1%.
Production by region is shown below with the week-over-week change shown in parentheses:
- Northeast – 127,000 (up 4,000 tons)
- Great Lakes – 551,000 (down 2,000 tons)
- Midwest – 188,000 (up 11,000 tons)
- South – 767,000 (down 9,000 tons)
- West – 69,000 (up 11,000 tons)
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products
Nucor’s weekly HR spot price unchanged, again
Nucor’s consumer spot price (CSP) for hot-rolled (HR) coil remains unchanged for another week – now on an 11-week streak. Nucor’s HR coil CSP, still at $750 per short ton (st), has been at that level since Nov. 12. The spot price for HR from Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also flat […]
Price gap between domestic, offshore CRC narrows
The price spread between US-produced cold-rolled (CR) coil and offshore products tightened in the week ended Jan. 17. Domestic CR coil tags were lower week on week (w/w), while offshore products ticked higher. The result? The US premium over imports shrank. In our market check on Tuesday, Jan. 14, US CR coil prices averaged $895 […]
US HR price premium over imports narrows slightly
Hot-rolled (HR) coil prices ticked down in the US last week, while tags abroad varied. The result: US hot band margin over imports on a landed basis has narrowed to a slight extent. SMU’s average domestic HR price last week was $685 per short ton (st), down $5/st from the week before. US hot band […]
SMU Community Chat: Jan. 22 with Alan Kestenbaum, founder of Bedrock Industries
Alan Kestenbaum, the founder of Bedrock Industries and the former CEO of Stelco, will be the featured speaker on the next SMU Community Chat. The webinar will be on Wednesday, Jan. 22, at 11 am ET. It’s free to attend. You can register here. We’ll look at Stelco’s recent sale to Cleveland-Cliffs and what made […]
December service center shipments and inventories report
Flat rolled = 77.1 shipping days of supply Plate = 58.1 shipping days of supply Flat rolled Flat-rolled steel supply at US service centers ballooned in December with higher inventories as well as seasonally lower shipments. At the end of December, service centers carried 77.1 shipping days of flat-rolled steel supply on an adjusted basis, […]