US apparent steel supply declined 4% month-over-month to 9.05 million net tons in June, erasing May’s gains, according to the latest US Department of Commerce and American Iron and Steel Institute data. June supply is now at the second lowest monthly level seen in the past 12 months, above only the February 2022 figure. Recall […]
US raw steel production eased to 7.45 million net tons in June, down 5% from May’s six-month high, according to recently released American Iron and Steel Institute (AISI) data. June is the third lowest monthly production figure seen in the last year and a half. Domestic production has trended downward since peaking last summer. Recall […]
Raw steel production by US mills slipped for a second straight week, easing to a 17-month low of 1,723,000 net tons in the week ending Aug. 6. This is the lowest weekly production figure reported since early February 2021. Domestic capacity utilization shrank lower to a 15-month low of 78.2%, marking the fourth week below […]
The US International Trade Commission (ITC) recently conducted hearings on the future of the Section 232 tariffs on steel and aluminum as well as on the Section 301 tariffs on imports from China. Congress mandated the ITC investigation in response to calls for the tariffs to be reduced or eliminated to fight inflation. Unlike the […]
Domestic raw steel production eased to a four-month low of 1,727,000 net tons for the week ending July 30, reported the American Iron and Steel Institute. This is the lowest weekly production figure reported since early April. The mill capability utilization rate declined to a 14-month low of 78.4%, marking the fourth week below 80%. US production is […]
Raw steel production by US mills recovered last week after declining for two straight weeks. Despite the increase, mill utilization rates remained below the 80% mark for a third consecutive week. Domestic capacity utilization rose to 79.6% while mill production totaled 1,754,000 net tons in the week ending July 23, reported the American Iron and […]
Raw steel production by US mills slipped last week, shrinking for the second straight week and keeping mill utilization rates below the 80% mark for just the second time since early April. Domestic capacity utilization fell to 78.9%—its lowest mark year-to-date—while mill production totaled 1,738,000 net tons in the week ending July 16, reported the […]
Total mill shipments of steel products grew in May, after shrinking the month prior. May’s mill shipments totaled 8.38 million tons, a 3.1% increase from April’s 8.12 million tons. Apparent supply also recovered in May, up 3.9% versus the prior month. This analysis is based on steel mill shipment data from the American Iron and Steel Institute […]
Raw steel production by US mills slipped last week, pushing utilization rates below the 80% mark for the first time since early April. Domestic capacity utilization shrank to 79.3% while mill production totaled 1,748,000 net tons in the week ending July 9, the American Iron and Steel Institute reported. US output was down 1.1% versus the […]
US apparent steel supply increased 4% from April to May, rising to 9.48 million net tons, according to the latest US Department of Commerce and American Iron and Steel Institute data. Recall that supply reached a six-year high last September at 9.92 million tons, declining each month through February. May’s supply level is now the […]
Raw steel production by US mills recovered slightly last week following declines in the prior two weeks. Domestic capacity utilization rose to 80.9% while mill production totaled 1,767,000 net tons in the week ending July 2, the American Iron and Steel Institute reported. US output was up 1% versus the week prior but 4.4% below […]
Raw steel production by US mills edged down marginally last week, slipping for the second straight week. Domestic capacity utilization dipped to 80.2% while mill production totaled 1,750,000 net tons in the week ending June 25, the American Iron and Steel Institute (AISI) reported. US output was down 0.5% versus the week prior and 5.1% […]
Chrisopher Kristock has been named vice president of the automotive program for the American Iron and Steel Institute (AISI). His focus will be on keeping steel’s position as the material of choice for the automotive industry. Kristock will also lead AISI’s Automotive Applications Council, which focuses on innovation, education, and technology transfer within the automotive […]
There are now two short months to go before we kick off the 2022 SMU Steel Summit Conference at the Georgia International Convention Center. As you prepare to join us in Atlanta on August 22-24 we want to give you more details regarding the program for Wednesday, August 24th. You can find more information about […]
Raw steel production by US mills continued its seesaw trend last week, edging down after inching up the week prior. Domestic capacity utilization slipped to 80.5% while mill production totaled 1,758,000 net tons in the week ending June 18, the American Iron and Steel Institute reported. US output was down 1.5% versus the week prior […]
Total mill shipments of steel products slipped in April following a slight uptick the month prior. April’s mill shipments totaled 8.12 million tons, 2.6% decline from March’s 8.34 million tons. Apparent supply also fell in April, down 4.7% versus the prior month. This analysis is based on steel mill shipment data from the American Iron and Steel […]
US apparent steel supply eased from March to April, declining 4% to 9.09 million net tons, according to the latest US Department of Commerce and American Iron and Steel Institute (AISI) data. Recall that supply reached a six-year high last September at 9.92 million tons, declining each month through February. Supply rebounded 14% in March […]
Raw steel production by US mills edged up last week, rebounding from a slight dip the week prior. Domestic capacity utilization rose to 81.7% while mill production totaled 1,784,000 net tons in the week ending June 11, the American Iron and Steel Institute reported. US output was up 0.2% versus the week prior but 3.3% […]
Raw steel production by US mills was down slightly last week, edging down for the first time in five weeks. Despite the lower output, domestic capacity utilization was a healthy 81.6% while mill production totaled 1,781,000 net tons in the week ending June 4, reported the American Iron and Steel Institute. US output was down […]
Cleveland-Cliffs Inc. has changed how it supplies the automotive industry in response to chip and parts shortages that have thrown a wrench into automaker production forecasts, the company’s top executive said. “We no longer adopt their forecast as the final truth, like it was historically,” Cliffs chairman, president and CEO Lourenco Goncalves said. How did […]
Test Module 1 for both exec and Premium Raw steel production by US mills grew last week, expanding for the fourth straight week, and reaching the second-highest utilization mark year-to-date. Domestic output totaled 1,798,000 net tons in the week ending May 28, while mill capacity utilization was 82.4%, reported the American Iron and Steel Institute. […]
Steel Dynamics Inc. (SDI) sees a “myriad of opportunities” on the M&A front but disagreements over valuations have prevented some of those deals from moving forward, the company’s top executive said. “It’s a matter of determining what is a great strategic fit at a reasonable value. … People’s aspirations of value are a little steep […]
Nucor Corp.’s $3 billion acquisition of CHI Overhead Doors, its largest deal ever, represents a shift away from the company’s traditional roots as a steelmaker. “We absolutely want to pivot from being just a steelmaker to a manufacturing company,” Nucor president and CEO Leon Topalian said. That’s notable because Nucor is the largest steelmaker in the […]
Domestic mill raw steel production increased again last week, with the utilization rate climbing to an 18-week high and production rising to a 16-week high. US output totaled 1,789,000 net tons in the week ending May 21, with a capacity utilization rate of 82.0%, according to the American Iron and Steel Institute (AISI). Production rose […]
Mill executives said they are ready for the demand infrastructure spending would generate during AISTech 2022’s Town Hall Forum in Pittsburgh this week. “The infrastructure bill is positive for the entire industry and for downstream industries, but we need to cut red tape,” Cleveland-Cliffs chairman, president and CEO Lourenco Goncalves said. “The bill is great. […]
Strict and strictly enforced trade laws are key to backing the steel industry’s investments in decarbonization. That was the takeaway from a press conference on Tuesday, May 17, at the AISTech 2022 conference in Pittsburgh. Executives from Steel Dynamics Inc. (SDI), Commercial Metals Co. (CMC), the Steel Manufacturers Association (SMA), and the American Iron and […]
Raw steel production by US mills increased last week, reaching the highest utilization mark in 16 weeks. Domestic output totaled 1,785,000 net tons in the week ending May 14, while mill capacity utilization was 81.8%, the American Iron and Steel Institute (AISI) reported. US output was up 0.5% versus the week prior but 2.7% below […]
US apparent steel supply rebounded from February to March, rising 14% to 9.51 million tons, according to the latest US Department of Commerce and American Iron and Steel Institute (AISI) data. Recall that supply reached a six-year high last September at 9.92 million tons, declining each month thereafter and reaching an 11-month low in February (8.37 million […]
International trade has become increasingly important to the US economy and national security over the last seven decades. But in recent years, we have lost our confidence in it. Donald Trump was the first post-World War II President to try to reduce the volume of international trade, principally by imposing tariff barriers on steel, aluminum, […]
Total mill shipments of steel products recovered in March following repeated declines at the start the year. March’s mill shipments totaled 8.342 million tons, a 9% increase from February’s 7.655 million tons. Apparent supply also surged in March, up 12.9% versus the prior month, and expanding for the first time in three months. This analysis is based […]