Here we discuss the agenda, speakers and what we were thinking as we put together Day 2 of the SMU Steel Summit Conference, which is Tuesday, August 27, 2019. 7:00 AM to 8:00 AM – Doors Open at the Georgia International Convention Center Coffee, drinks and pastries will be available. Exhibition areas will be manned. […]
2019 SMU Steel Summit Conference – A Sneak Peek – Day 2 Written by: John Packard, President & CEO, Steel Market Update RE: 2019 SMU Steel Summit Conference, August 26-28, 2019 – Location: Georgia International Convention Center, Atlanta, GA On Thursday of this past week, I laid out the thought process involved with putting together […]
The Steel Market Development Institute (SMDI), a business unit of the American Iron and Steel Institute (AISI), presented awards for achievement and service to the North American steel industry at the institute’s General Meeting in Washington this week. Recipients were Dr. Grant Thomas of AK Steel, Eric Petersen, formerly of AK Steel, and Edward Pleet […]
The U.S. mill capability utilization rate saw a slight dip for the third week in a row but remained above 81 percent (81.2 percent) for the week ending June 1. Raw steel production declined by 0.1 percent from the previous week to 1,890,000 net tons. The week’s production represented a 4.5 percent increase from the […]
The American Iron and Steel Institute’s (AISI) Board of Directors today welcomed two new directors — Michael McQuade, Algoma Steel Chief Executive Officer, and Ed Ramsey, Regional President-North America for Harsco Metals and Minerals. “Michael McQuade and Ed Ramsey are tremendous ambassadors for the steel industry, and I am excited to welcome them to the […]
The U.S. mill capability utilization rate saw a slight dip for the second week in a row, to a still healthy 81.3 percent for the week ending May 25. Raw steel production declined by 0.4 percent from the previous week to 1,892,000 net tons. The week’s production represented a 4.6 percent increase from the same […]
The U.S. mill capability utilization rate dipped slightly to 81.6 percent for the week ending May 18, while raw steel production declined by 1.4 percent from the previous week to 1,900,000 net tons. The week’s production represented a 5.1 percent increase from the same period last year, reported the American Iron and Steel Institute. Adjusted year-to-date […]
Demand for long products and tubular goods have shown strong growth, but sheet products are declining. This analysis by SMU staff is based on data from the American Iron and Steel Institute (AISI) and the U.S. Department of Commerce (DoC). The analysis summarizes total steel supply by product from 2003 through March 2019 and year-on-year […]
The U.S. mill capability utilization rate bumped up a half point to 82.8 percent for the week ending May 11, while raw steel production increased by 0.6 percent from the previous week to 1,927,000 net tons. The week’s production represented a 6.6 percent increase from the same period last year, reported the American Iron and Steel […]
Total raw steel production for the month of March rose to 8,472,311 net tons, reports the American Iron and Steel Institute in Washington. This is the highest monthly production level seen in four and a half years, going back to August 2014 when it was 8,546,303 tons. Broken down by production method, 5,833,229 tons (68.9 […]
U.S. raw steel production for the week ending May 4 increased by 1.1 percent from the previous week to 1,915,000 net tons, while the mill capability utilization rate bumped up almost a point to 82.3 percent. The week’s production represented a 6.6 percent increase from the same period last year, reported the American Iron and Steel […]
U.S. raw steel production for the week ending April 27 decreased by 0.4 percent from the previous week to 1,895,000 net tons, while the mill capability utilization rate inched down to 81.4 percent. The week’s production represented a 6.5 percent increase from the same period last year, reported the American Iron and Steel Institute. Adjusted year-to-date […]
Steel mill utilization has declined by a percentage point in the past two weeks but remains near a healthy 82 percent, reported the American Iron and Steel Institute. U.S. raw steel production for the week ending April 20 decreased by 0.6 percent from the previous week to 1,903,000 net tons, while the mill capability utilization […]
Demand for long products and tubular goods has seen strong growth, but sheet products are declining. This analysis by SMU staff is based on data from the American Iron and Steel Institute (AISI) and the U.S. Department of Commerce (DoC). The analysis summarizes total steel supply by product from 2003 through February 2019 and year-on-year […]
Economic indicators of manufacturing activity are strong, though the growth rate is slowing. This report summarizes 11 data streams that describe the state of U.S. manufacturing in general and the steel industry in particular. We have reported on most of these separately in our Steel Market Update publications, and therefore will be brief in this […]
Most indicators of manufacturing activity are still positive, but evidence of a slowdown is indisputable. This report summarizes 11 data streams that describe the state of U.S. manufacturing in general and the steel industry in particular. We have reported on most of these separately in our Steel Market Update publications and therefore will be brief […]
Steel mill utilization around 82 to 83 percent appears to be the norm for 2019. U.S. raw steel production for the week ending April 13 decreased by 0.7 percent from the previous week to 1,915,000 net tons, while the mill capability utilization rate inched down a half percentage point to 82.3 percent. The week’s production […]
Total raw steel production for the month of February fell to 7,667,664 net tons, reports the American Iron and Steel Institute in Washington. This is the lowest monthly production level seen since April 2018 when it was 7,630,135 tons. Broken down by production method, 5,305,123 tons (69.2 percent) were produced by electric arc furnaces (EAFs) […]
U.S. raw steel production for the week ending April 6 increased by 0.8 percent from the previous week to 1,928,000 net tons, while the mill capability utilization rate inched up by about a half percentage point to 82.8 percent. The week’s production represented a 7.9 percent increase from the same period last year, reported the […]
The decision by the U.S. Court of International Trade to deny the American Institute for International Steel’s motion for summary judgment on its constitutional challenge to Section 232 has not deterred AIIS from further action. Said AIIS President Richard Chriss: “We are heartened that the Court of International Trade recognized that Section 232, in the […]
Production at U.S. steel mills continued at levels not seen in years, inching up slightly in the week ending March 23 to an average capability utilization rate of 83.1 percent. Domestic raw steel production for the week totaled 1,934,000 net tons, up 0.2 percent from the prior week and up 5.9 percent from the same […]
The U.S. steel industry produced approximately 24 million tons of steel in the first quarter of 2019, a 6.7 percent increase from the same period last year. Mill utilization averaged 81.8 percent, up more than 5 percentage points from the 76.6 percent in 2018. U.S. raw steel production for the week ending March 30 dipped […]
Production at U.S. steel mills eased slightly in the week ending March 16, maintaining an average capability utilization rate of 82.9 percent, down from the 10-year high of 83.4 percent reported in the prior week. Domestic raw steel production for the week totaled 1,930,000 net tons, down 0.6 percent from the prior week but up […]
U.S. steel mills continued to raise the productivity bar, reaching an average capability utilization rate of 83.4 percent in the week ending March 9. Domestic raw steel production for the week totaled 1,941,000 net tons, up 0.7 percent from the prior week and 6.3 percent from the same period last year, reported the American Iron […]
Total raw steel production for the month of January rose to 8,286,886 net tons, reports the American Iron and Steel Institute in Washington. This is one of the higher levels seen over the last few years. Broken down by production method, 5,717,191 tons (69.0 percent) were produced by electric arc furnaces (EAFs) and 2,569,695 tons […]
Today, we are rolling out more of our agenda for the 2019 SMU Steel Summit Conference. The theme behind this year’s conference is “Steel in Transition.” It will provide an important forum for discussion of the key issues affecting all companies that supply or consume flat rolled and plate steels, including the steel mills, trading […]
Today, we are rolling out more of our agenda for the 2019 SMU Steel Summit Conference. The theme behind this year’s conference is “Steel in Transition.” It will provide an important forum for discussion of the key issues affecting all companies that supply or consume flat rolled and plate steels, including the steel mills, trading […]
U.S. steel mills reached an average capability utilization rate of 82.8 percent in the week ending March 2. Domestic raw steel production for the week totaled 1,927,000 net tons, up 1.0 percent from the prior week and 5.9 percent from the same period last year. This is the highest capacity utilization rate seen in over […]
In the recent op-ed below, American Iron and Steel Institute President and CEO Tom Gibson reiterated AISI’s support of steel tariffs and opposition to congressional legislation called “The Bicameral Congressional Trade Authority Act,” which would prematurely terminate the tariffs. “The massive overcapacity in steel still exists globally. And China in particular is producing steel at record levels—exceeding […]
The American Iron and Steel Institute and the Steel Manufacturers Association are among more than 200 companies and trade associations that have formed the USMCA Coalition to push for prompt congressional approval of the U.S.-Mexico-Canada trade agreement, the updated version of NAFTA. “We look forward to working with members of the USMCA Coalition to support […]