Apparent steel supply for the month of July totaled 9,570,118 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. July apparent steel supply […]
Domestic raw steel production totaled 1,747,000 net tons in the week ending Sept. 2, up 0.4 percent from the prior week and an 8.6 percent increase from the same period in 2016. The mill capability utilization rate was 74.9 percent for the week, up from 68.8 percent in the same week last year, reports the […]
Senior steel executives representing most of the nation’s flat rolled and long product manufacturers appealed directly to Donald Trump on Wednesday urging action on the Section 232 steel imports case. The letter from 25 steel and steel-related companies asked the president to take “broad and decisive action to ensure the ability of the domestic steel […]
Today, 25 steel mills and related companies, as well as the American Iron and Steel Institute (AISI) and Steel Manufacturers Association (SMA), sent a letter to President Trump asking that he act on Section 232 and stop foreign steel from damaging the domestic steel industry. According to the letter, 30 percent of the apparent supply […]
Domestic raw steel production totaled 1,763,000 net tons in the week ending Aug. 19, a 6.5 percent increase from the same period last year, but a 1 percent decline from the prior week, reports the American Iron and Steel Institute in Washington. The mill capability utilization rate for the week averaged 75.6 percent, up significantly […]
Trucks needed to haul steel and other materials are in short supply and availability is likely to get tighter later this year when drivers will be required to use electronic logging devices (ELDs) rather than hand-written logs to record their hours behind the wheel. The American Trucking Associations estimate that the new ELD requirement, which […]
Domestic raw steel production totaled 1,780,000 net tons in the week ending Aug. 12, up 1.0 percent from the previous week and a 7.6 percent increase from the same period in 2016. The mill capability utilization rate was 76.4 percent for the week, up from 70.8 percent the same time last year, reports the American […]
Total raw steel production for the month of June was 7,487,972 net tons, with 5,182,147 tons produced by electric arc furnaces (EAF) and 2,305,825 tons produced by blast furnaces. June raw steel production was 118,921 tons or 1.6 percent lower than the previous month, and 34,195 tons or 0.5 percent lower than the same month […]
Editor’s note: As a special bonus, we are sharing this premium-level article with all our subscribers: Demand for sheet products is increasingly driven by hot rolled coil. Imports are taking a greater share of the sheet market, reaching 21.2 percent in June. Apparent supply is a proxy for market demand, and the apparent supply of […]
Domestic raw steel production totaled 1,762,000 net tons for the week ending Aug. 5, down 0.4 percent from the previous week, but up 6.3 percent from the same week last year, reports the American Iron and Steel Institute in Washington. Mill capability utilization for the Aug. 5 week averaged 75.6 percent, a significant improvement from the […]
In their pursuit of free and fair trade, U.S. steelmakers are often called protectionist—a label they increasingly resent. Steel industry trade groups, including the American Iron and Steel Institute and the Steel Manufacturers Association, have urged the Trump administration to take a harder stance on steel imports. Trade action, including new tariffs or quotas under […]
In their pursuit of free and fair trade, U.S. steelmakers are often called protectionist—a label they increasingly resent. Steel industry trade groups, including the American Iron and Steel Institute and the Steel Manufacturers Association, have urged the Trump administration to take a harder stance on steel imports. Trade action, including new tariffs or quotas under […]
Domestic raw steel production totaled 1,769,000 net tons in the week ending July 29, down 0.2 percent from the previous week, but up 6.1 percent from the same period last year, reports the American Iron and Steel Institute in Washington. The mill capability utilization rate for the July 29 week was 75.9 percent, down from 76.1 […]
The following is a press release on steel exports from the American Institute for International Steel (AIIS) on July 27 2017: Falls Church, VA. July 27, 2017. Steel exports swelled 17.3 percent from April to May – and were up 25.2 percent from a year earlier – to surpass 1 million net tons. More than […]
U.S. raw steel production totaled 1,773,000 net tons in the week ending July 22, up 0.6 percent from the previous week and an increase of 6.4 percent from the same period last year. The mill capability utilization rate was 76.1 percent, up from 75.6 percent in the prior week and 71.3 percent a year ago, […]
Apparent supply is a proxy for market demand, and for hot rolled coil has been growing strongly this year. Imports continue to be an increasing factor in the sheet markets. There is a major difference in import market share for the four major sheet products. This report summarizes total steel supply from 2003 through May […]
Domestic raw steel production was 1,733,000 net tons in the week ending July 8, up 0.9 percent from the previous week and 4.0 percent from the same week in 2016, reports the American Iron and Steel Institute (AISI) in Washington. Mill capacity utilization in the July 8 week was 74.3 percent, up from 73.6 percent […]
Domestic raw steel production totaled 1,717,000 net tons in the week ending July 1, off 0.7 percent from the previous week and down 1.5 percent from the same week in 2016. The mill capacity utilization rate was 73.6 percent, down from 74.2 percent the prior week and 74.5 percent the same time last year, reports […]
The “will they or won’t they” drama around Section 232 and whether the Trump administration will place tariffs on steel imports is reaching a peak. The Department of Commerce is expected to announce its findings on the Section 232 investigation by the end of next week. According to CNBC, a draft of the report has been circulated […]
Domestic raw steel production declined slightly last week, according to the American Iron and Steel Institute in Washington. In the week ending June 24, raw steel production totaled 1,729,000 net tons, down 0.6 percent from the previous week and down 1.5 percent from the same week last year. Adjusted year-to-date production through totaled 43,353,000 net […]
Domestic raw steel production inched up in the past week and remains ahead of last year’s pace, reports the American Iron and Steel Institute in Washington. In the week ending June 17, domestic raw steel production totaled 1,739,000 net tons, up 1.2 percent from the previous week, but down 0.9 percent from the same week […]
Apparent steel supply for the month of April totaled 9,132,068 net tons, according to the latest data released 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. While down over […]
While the Trump administration has proposed a complete renegotiation of the North American Free Trade Agreement, the American Iron and Steel Institute (AISI), which represents domestic steelmakers, has affirmed its support for the continuation of NAFTA, albeit with some improvements and modernization to the 23-year-old trade pact. In a letter to the United States Trade […]
This report summarizes total steel supply from 2003 through April 2017 and year-on-year changes. It then compares domestic mill shipments with total supply to the market. It quantifies market direction by product and enables a side-by-side comparison of the degree to which imports have absorbed demand. Sources are the American Iron and Steel Institute and […]
President Trump’s decision to pull out of the Paris climate agreement was met mostly with silence from the steel industry. Cliffs Natural Resource CEO Lourenco Goncalves was among the few to publicly voice his support for abandoning the environmental agreement signed by 194 other nations. “Cliffs applauds President Trump for his decision to withdraw from the […]
Six leading steel groups in Canada, Mexico and the United States are today urging their respective governments to ensure that negotiations on the North American Free Trade Agreement (NAFTA) include key tenets that would result in growing consumption of steel in North America and increasing intra-NAFTA trade and market share for NAFTA producers. In a […]
The U.S. Department of Commerce advised Steel Market Update, as a member of the media, who would be speaking at tomorrow’s (Wednesday, May 24, 2017) Section 232 hearing on steel. The hearing is part of the Commerce Department’s investigation about the need for steel for national security. Here is what we received from the US […]
AISI, WASHINGTON, D.C. – The American Iron and Steel Institute’s (AISI) Board of Directors today elected John Ferriola, Chairman, President and CEO, Nucor Corporation, to serve another year as chairman of the Institute, through May 2018. “John is a recognized leader in the global and domestic steel industry. He is an outspoken advocate for the […]
Robert Lighthizer was confirmed as the new US Trade Representative by an 82-14 vote in the Senate on Thursday. Lighthizer faced some opposition from Republican Senators John McCain (Ariz.) and Ben Sasse (Neb.) who said they would vote against the Trump nominee because of his views concerning NAFTA and his alliance with the Administration’s protectionist […]
This report summarizes total steel supply from 2003 through March 2017 and year on year changes. It then compares domestic mill shipments with total supply to the market. It quantifies market direction by product and enables a side by side comparison of the degree to which imports have absorbed demand. Sources are the American Iron […]