Steel Markets
AISI: Raw steel output slips in all regions
Written by Laura Miller
December 27, 2023
The latest American Iron and Steel Institute (AISI) production figures show domestic steel output slipping the week before the Christmas holiday.
Domestic mills produced an estimated 1,693,000 net tons of steel during the week ended Dec. 23, AISI said. Output was down 1.2% from the previous week but was 7.4% higher than the same week of 2022.
US mills’ overall capability utilization rate was 73.7% for the week compared to 74.6% the week prior and 70.6% in the year-ago period.
AISI calculated adjusted year-to-date production to be 87,047,000 tons, with mills operating at 75.4% of capabilities. Compared to the same period in 2022, output was higher by 94,000 tons, or 0.1%, and the mill capability utilization rate was 77.5%.
Production by region is shown below, with the week-over-week changes shown in parentheses:
- Northeast – 130,000 tons (down 3,000 tons)
- Great Lakes – 551,000 tons (down 9,000 tons)
- Midwest – 185,000 tons (down 2,000 tons)
- South – 760,000 tons (down 4,000 tons)
- West – 67,000 tons (down 3,000 tons)
Laura Miller
Read more from Laura MillerLatest in Steel Markets
CMC looks beyond Arizona micro-mill woes to long-term viability of construction mart
Despite the economic and geopolitical upheaval of the last five years, CMC President and CEO Peter Matt points out that the construction market has been an essential element of the way forward.
US importers face stricter rules under revamped S232 tariffs
“CBP expects full compliance from the trade community for accurate reporting and payment of the additional duties. CBP will take enforcement action on non-compliance," the agency said in a March 7 bulletin.
Steel exports rebound in January
US steel exports recovered to a five-month high in January after having fallen to a two-year low in December. This growth follows four consecutive months of declining exports.
Construction spending drops marginally in January
Construction spending edged down slightly in January, slipping for the first time in four months. The US Census Bureau estimated spending at a seasonally adjusted annual rate of $2,196 billion in January, down 0.2% from December’s downward revised rate. The January figure is 3.3% higher than a year ago. January’s result, despite the slight erosion, […]
HVAC equipment shipments slow in December but strong annually
Shipments of heating and cooling equipment in the US fell to an 11-month low in December, according to the latest data released by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).