Reaction to the official announcement and signing of the Section 232 proclamation brought swift reaction from the industry and Congress. Opinions ranged from unwavering support, “the era of American trade surrender is coming to an end,” to total dismay, “the sweeping tariffs announced today are like dropping a bomb on a flea.” Supporting the 25 […]
U.S. raw steel production for the week ending March 3 totaled 1,834,000 net tons at a mill capability utilization rate of 78.7 percent, reports the American Iron and Steel Institute in Washington. The last time production was this high was the week ending Jan. 10, 2015, when 1,899,000 tons were produced at a utilization rate […]
Economic indicators of manufacturing activity remain strong and continue pointing to good demand for steel at least through mid-year. This report summarizes seven data sources that describe the state of manufacturing in the United States. We have reported on most of these separately in our Steel Market Update publications, and therefore will be brief […]
Total raw steel production for the month of January was 7,595,623 net tons, with 5,129,878 tons produced by electric arc furnaces (EAFs) and 2,465,745 tons produced by blast furnaces. This is the highest monthly production figure seen since August 2017 when 7,824,820 tons were produced. January raw steel production was 174,474 tons or 2.4 percent […]
The American Iron and Steel Institute (AISI) Board of Directors recently approved its 2018 public policy agenda outlining the institute’s aggressive pro-manufacturing public policy priorities. “The impact public policies have on manufacturers must be carefully considered to ensure both economic growth and our national security,” said Thomas J. Gibson, president and CEO of AISI. “AISI’s […]
U.S. raw steel production for the week ending Feb. 24 totaled 1,783,000 net tons, a 0.7 percent increase from the same period last year, but up 1.8 percent from the prior week. The mill capability utilization rate for the week averaged 76.5 percent, up from 75.1 percent the prior week, reports the American Iron and […]
In 2017, the domestic steel market contracted by 0.5 percent, but domestic shipments were up while imports were down. Table 1 shows 11 years of history of total steel supply to the U.S. market broken down into shipments from domestic mills and imports, excluding semi-finished. The hot rolled steel market totaled 106.4 million tons in […]
Apparent steel supply for the month of December 2017 showed a decline month-over-month and also year-over-year to 8,501,642 net tons, according to the latest data from the U.S. Department of Commerce and the American Iron and Steel Institute. Apparent steel supply is calculated by adding domestic steel shipments and finished U.S. steel imports, then subtracting […]
U.S. raw steel production for the week ending Feb. 17 totaled 1,751,000 net tons, a 1.1 percent decrease from the same period last year, but up 0.8 percent from the prior week. The mill capability utilization rate for the week averaged 75.1 percent, up from 74.5 percent the prior week, reports the American Iron and […]
U.S. raw steel production for the week ending Feb. 10 totaled 1,737,000 net tons, a 1.9 percent decrease from the same period last year, and down 0.6 percent from the prior week. The mill capability utilization rate for the week averaged 74.5 percent, down from 75.0 percent the prior week, reports the American Iron and […]
The release of President Trump’s infrastructure plan drew mixed responses from trade groups involved with the steel industry. Although all support the much-needed infrastructure work, several question the president’s plan to fund it. Thomas J. Gibson, president and CEO of the American Iron and Steel Institute supported the streamlining of permits proposed in the plan. […]
Steel Market Update was contacted this week by an analyst who questioned the accuracy of the American Iron and Steel Institute data published by SMU. He wondered how AISI calculates its weekly mill capacity utilization rates and whether their calculations account for idled furnace capacity. A close look at the AISI data shows the domestic […]
Editor’s note: Richard Chriss, president of the American Institute for International Steel, which represents foreign steelmakers, offered this rebuttal to a recent letter to the editor in the New York Times by Scott Paul, president of the Alliance for American Manufacturing: There is no single word for the economic fallacy of assuming that those who […]
U.S. raw steel production for the week ending Feb. 3 totaled 1,747,000 net tons, a 0.2 percent decrease from the same period last year, but up 1.6 percent from the prior week. The mill capability utilization rate for the week averaged 75.0 percent, down from 73.8 percent the prior week, reports the American Iron and […]
U.S. steelmakers sent a letter to President Trump on Feb. 1 urging the administration to take action against steel imports under Section 232. The letter from the American Iron and Steel Institute stressed that immediate action is needed to prevent imports from recapturing nearly a third of the U.S. market as they did last June. […]
Economic indicators are strong overall and portend well for the first half of 2018. This report summarizes seven data sources that describe the state of manufacturing, construction, steel activity and the overall market in the United States. We have reported on most of these separately in our Steel Market Update publications, and therefore will […]
U.S. raw steel production for the week ending Jan. 27 totaled 1,719,000 net tons, a 1.0 percent decrease from the same period last year, but up 1.5 percent from the prior week. The mill capability utilization rate for the week averaged 73.8 percent, down from 72.6 percent the prior week, reports the American Iron and […]
U.S. raw steel production for the week ending Jan. 20 totaled 1,693,000 net tons, a 2.5 percent decrease from the same period last year, and down 0.8 percent from the prior week. The mill capability utilization rate for the week averaged 72.6 percent, down from 73.2 percent the prior week, reports the American Iron and […]
U.S. raw steel production for the week ending Jan. 13 totaled 1,707,000 net tons, a 1.7 percent decrease from the same period last year, but up 3.5 percent from the prior week. The mill capability utilization rate for the week averaged 73.2 percent, up from 70.7 percent the prior week but down from 74.5 percent […]
The Section 232 report on the effect of steel mill product imports on U.S. national security was submitted to President Trump by Secretary of Commerce Wilbur Ross late on Thursday, Jan. 11. The president now has 90 days to take action. Details of the report have not been released. In its announcement, the Commerce Department […]
Apparent steel supply for the month of November totaled 8,723,547 net tons, according to the latest data from the U.S. Department of Commerce and the American Iron and Steel Institute. Apparent steel supply is calculated by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports. November apparent steel supply […]
The Section 232 report on the effect of steel mill product imports on U.S. national security was submitted to President Trump by Secretary of Commerce Wilbur Ross late on Thursday, Jan. 11. The president now has 90 days to take action. Details of the report have not been released. In its announcement, the Commerce Department […]
U.S. demand for steel sheet products continued to expand through November, according to Steel Market Update’s analysis of data from the American Iron and Steel Institute (AISI) and the U.S. Department of Commerce. Apparent supply is a proxy for market demand. Demand momentum for sheet products in total was negative in the three months through […]
Anticipation is building over the Commerce Department’s Section 232 report, which is finally due to the White House in the next few days. Will its recommendations to the president on trade action to protect the national security prove to be a bombshell or a bust? Proponents of new tariffs or quotas on steel imports have […]
U.S. raw steel production for the week ending Jan. 6 totaled 1,649,000 net tons, a 5.0 percent decrease from the same period last year, but up 0.7 percent from the prior week. The mill capability utilization rate for the week averaged 70.7 percent, up from 70.2 percent the prior week but down from 74.5 percent […]
U.S. raw steel production for the week ending Dec. 30 totaled 1,637,000 net tons, a 1.9 percent increase from the same period last year, but down 4.7 percent from the prior week. The mill capability utilization rate for the week averaged 70.2 percent, down from 73.7 percent the prior week but up from 67.8 percent […]
The American Iron and Steel Institute welcomed Canada’s integrated steel company Stelco to its membership at AISI’s recent board meeting in Washington, D.C. “With its significant presence in North America, Stelco will be a great partner in our continued advocacy to fight unfairly traded foreign imports and level the playing field for the North American […]
U.S. raw steel production for the week ending Dec. 16 totaled 1,698,000 net tons, a 5.7 percent increase from the same period last year, but up 1.6 percent from the prior week. The mill capability utilization rate for the week averaged 72.8 percent, up from 71.7 percent the prior week and 67.8 percent the prior […]
Steel Market Update recently adjusted our Price Momentum Indicator to “Higher” as, in our opinion, steel buyers should anticipate flat rolled steel prices to move up over the next 30 to 60 days. During last week’s analysis of the flat rolled steel market, 78 percent of the respondents agreed with SMU, sensing that pricing momentum […]
Apparent steel supply for the month of October totaled 9,355,621 net tons, according to the latest data from the U.S. Department of Commerce and the American Iron and Steel Institute. Apparent steel supply is calculated by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports. October apparent steel supply […]