Steel Markets
Raw steel output moves lower again: AISI
Written by David Schollaert
January 22, 2024
Domestic production of raw steel edged lower for a second straight week, according to the most recent data from the American Iron and Steel Institute (AISI).
Steel output in the US totaled an estimated 1,682,000 short tons (st) in the week ended Jan. 20. That’s down 1% from the previous week and from the same week last year when production stood at 1,697,000 st.
The mill capability utilization rate was 75.7% during the third week of 2024, down from 76.5% a week earlier and down slightly from 75.9% a year ago.
Production by region is shown below, with the week-over-week changes shown in parentheses:
- Northeast – 132,000 st (up 9,000 st)
- Great Lakes – 543,000 st (down 10,000 st)
- Midwest – 188,000 st (down 5,000 st)
- South – 754,000 st (down 15,000 st)
- West – 65,000 st (up 4,000 st)
Editor’s note: The raw steel production tonnages provided in this report are estimated. The figures are compiled from weekly production data provided by approximately 50% of the domestic production capacity combined with the most recent monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends. The AISI production report “AIS 7”, published monthly and available by subscription, provides a more detailed summary of steel production based on data supplied by companies representing 75% of U.S. production capacity.
David Schollaert
Read more from David SchollaertLatest 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).