Steel imports into the United States declined by more than 20 percent in the first half of 2020, reported the American Iron and Steel Institute, based on preliminary Census Bureau data. Through the first six months of this year, total steel imports declined by 20.8 percent to 12.4 million tons, while finished steel imports declined […]
A possible indication that the economy and steel demand gradually continue to improve, domestic steelmakers increased raw steel production for the seventh week in a row to a total of 1,320,000 net tons in the period ending July 25 with the mills operating at an average utilization rate of 58.9 percent, reported the American Iron […]
Here is a listing of the companies registered for the SMU Steel Summit 2020 Virtual Conference as of last week. Note that those companies with an * after their name means more than one person is attending. If your company is missing, or if you have questions about your registration, please contact Events@SteelMarketUpdate.com. You can […]
Here is a listing of the companies registered for the SMU Steel Summit 2020 Virtual Conference as of last week. Note that those companies with an * after their name means more than one person is attending. If your company is missing, or if you have questions about your registration, please contact Events@SteelMarketUpdate.com. You can […]
Steel industry trade groups have joined voices in calling for significant funding for state departments of transportation (DOTs) in the next phase of COVID-19 stimulus legislation. Members of The American Institute of Steel Construction (AISC), American Iron and Steel Institute (AISI), Steel Manufacturers Association (SMA), The Committee on Pipe and Tube Imports (CPTI) and the […]
Domestic steelmakers continue to increase raw steel production with mill capacity nearing 60 percent once again, even as the spread of the coronavirus threatens new disruptions to the economy. Steel production moved up for the sixth week in a row to a total of 1,306,000 net tons in the period ending July 18 with the […]
Steel production moved up for the fifth week in a row, and the seventh out of the last eight weeks, to a total of 1,289,000 net tons in the period ending July 11 with the mills operating at an average utilization rate of 57.5 percent, reported the American Iron and Steel Institute. Production has increased […]
Kevin Dempsey has taken the reins as the chief executive at the American Iron and Steel Institute at a challenging and unprecedented time. Indeed, helping AISI’s steel mill members navigate an economy hard hit by the COVID-19 pandemic is first and foremost on his agenda, he said in an interview with Steel Market Update on […]
U.S apparent steel supply rose slightly in May to 6.61 million net tons, according to recent U.S. Department of Commerce and American Iron and Steel Institute data. This is the second lowest supply level in our limited 10-year history, just behind the April 2020 figure of 6.54 million tons. Apparent steel supply, a proxy for […]
U.S. raw steel production in May rose 1.9 percent to 5,415,000 net tons, as reported last week by the American Iron and Steel Institute in Washington. May production was well below the 2020 average of 6,934,000 tons, and down nearly 3 million tons or 35.0 percent compared to the same month last year. May production […]
U.S. steel mills shipped 5,461,851 net tons in May, a 2.9 percent decrease from April, and a 32.9 percent decrease from the 8,142,270 net tons shipped in May 2019, reported the American Iron and Steel Institute (AISI). Shipments by domestic steelmakers year to date totaled 35,194,683 net tons, a 13.1 percent decrease versus 2019 shipments […]
Perhaps a reflection of an improving economy, steel production moved up for the fourth week in a row to a total of 1,268,000 net tons in the period ending July 4 with the mills operating at an average utilization rate of 56.6 percent, reported the American Iron and Steel Institute. Production was up 2.3 percent […]
In stark contrast to the mostly bad news related to the coronavirus pandemic, the North American steel industry is celebrating the new USMCA trade agreement that took effect last week. “Entry into force of the USMCA represents a significant achievement by the United States, Canada and Mexico that will benefit the North American steel industry […]
Halfway through the year, steel production by U.S. mills is down by nearly 19 percent compared with the first half of 2019 as steel demand continues to suffer from the coronavirus. Adjusted year-to-date production through June 27 totaled 39,165,000 net tons at an average utilization rate of 67.0 percent, reported the American Iron and Steel […]
The U.S. Supreme Court has declined to hear the American Institute for International Steel’s Section 232 case, bringing an end to the trade group’s constitutional challenge of the Trump administration’s national security tariffs on steel and aluminum. AIIS regrets the court’s decision, said Richard Chriss, president of the institute, which represents foreign producers, metals importers […]
Steel production in the week ending June 20 totaled 1,224,000 net tons with the mills operating at an average utilization rate of 54.6 percent. Production was up 1.2 percent from the prior week when the utilization rate was 54.0 percent. This is a notable improvement from the post-virus low point of 1,144,000 tons or 51.1 […]
The American Iron and Steel Institute welcomed two new leaders today. The AISI Board of Directors has elected John Brett, president and CEO of ArcelorMittal USA, as chairman for the 2020-2021 term. Brett has been serving as interim chairman since the retirement of Roger Newport, former CEO of AK Steel. “With more than 30 years […]
The House Transportation and Infrastructure Committee gave its approval to the INVEST in America Act on Friday, moving forward a measure that would fund much needed infrastructure work, create thousands of jobs and help the economy recover from the effects of the coronavirus pandemic. The measure is widely supported by the steel industry, as construction […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: A rather eventful week in D.C. has brought to the fore a new proposal from House Democrats to pass an infrastructure bill. Readers will recall “Infrastructure Week” last year, which featured a tense White House meeting that ended […]
Steel production in the week ending June 13 totaled 1,210,000 net tons with the mills operating at an average utilization rate of 54.0 percent. Production was up 1.3 percent from the prior week when the utilization rate was 53.3 percent, reported the American Iron and Steel Institute. While improved, the current week’s production still represents […]
U.S apparent steel supply fell to 6.54 million net tons in April, according to recent U.S. Department of Commerce and American Iron and Steel Institute data. This is the lowest supply level in our limited 10-year history. Apparent steel supply, a proxy for demand, is determined by combining domestic steel shipments and finished U.S. steel […]
Steel mill utilization by domestic producers has remained fairly stable within a tight range in the low 50s since production was curtailed in March and April due to the coronavirus. The American Iron and Steel Institute’s weekly production data shows no signs yet of the recovering economy. Steel production in the week ending June 6 […]
Census Bureau data for downstream steel product shipments lags but supports American Iron and Steel Institute (AISI) data for crude steel production. The Census Bureau provides monthly data on manufacturing inventories, shipments and new orders for total U.S. manufacturing and for individual industries, one of which is steel products. Therefore, the Census Bureau provides a […]
Mill utilization by domestic steelmakers improved slightly for the second week in a row–perhaps an early hint of an improving economy and growing demand. Steel production in the week ending May 30 totaled 1,206,000 net tons with the mills operating at an average utilization rate of 53.8 percent. Production was up 1.3 percent from the […]
Mill utilization by domestic steelmakers improved slightly in the week ending May 23 as steel production totaled 1,191,000 net tons with the mills operating at an average rate of 53.2 percent. Production was up 0.8 percent from the prior week when the utilization rate was 52.7 percent, reported the American Iron and Steel Institute. While […]
In the week ending May 16, steel production totaled 1,181,000 net tons with the mills operating at an average capability utilization rate of 52.7 percent. Production was down 1.9 percent from the prior week when output totaled 1,204,000 tons at a utilization rate of 53.7 percent, reported the American Iron and Steel Institute. Mill utilization […]
Has steel production turned a corner? After a series of sharp declines since the coronavirus shutdowns in mid-March, the mill utilization rate actually saw a small uptick last week. In the week ending May 9, steel production totaled 1,204,000 net tons with the mills operating at an average capability utilization rate of 53.7 percent. Production […]
U.S apparent steel supply rose to 8.66 million net tons in March, according to recent U.S. Department of Commerce and American Iron and Steel Institute data. Although up over the previous month, March supply remains on the low-side historically and is the fourth lowest supply level seen in the past three years. Apparent steel supply, […]
Raw steel production is starting to show the full effect from the pandemic shutdowns and the capacity curtailments by domestic steelmakers. In the week ending May 2, steel production totaled 1,144,000 net tons with the mills operating at an average capability utilization rate of 51.1 percent, down 8.5 percent from the previous week, and down […]
After a brief pause, raw steel production continued to slide last week. Production in the April 25 week totaled 1,250,000 net tons with the mills operating at an average capability utilization rate of 55.8 percent, down 2.1 percent from the previous week, and down 33.9 percent from the same week last year, reported the American […]