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 […]
According to the latest data released from the U.S. Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of March 2017 was 9,300,718 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports, then subtracting total US steel exports. This is […]
This report summarizes total steel supply from 2003 through February 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 […]
According to the latest data released from the U.S. Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of February 2017 was 8,501,854 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports, then subtracting total US steel exports. February apparent […]
On Friday the President signed an executive order that is designed to enhance trade enforcement efforts by the Commerce Department. The Secretary of Homeland Security, in consultation with the Secretary of the Treasury, the Secretary of Commerce, and the United States Trade Representative Commerce are directed to develop a plan within 90 days that will […]
Robert Lighthizer faces the Senate confirmation hearings today without the congressional waiver needed to take the post of U.S. Trade Representative. A waiver is required because of a provision prohibiting individuals who worked on behalf of foreign governments in trade negotiations with the United States from becoming the U.S. trade representative. Lighthizer’s work on behalf […]
According to the latest data released from the U.S. Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of January 2017 was 9,236,140 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports, then subtracting total US steel exports. This is the […]
This report summarizes total steel supply from 2003 through January 2017 and year on year changes. It then compares domestic mill shipments and 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 […]
Is it Buy American or not? That seems to be the question of the day. President Trump signed an executive order clearing the way for the construction of the Keystone XL and Dakota Access pipelines, adding in a memorandum to the Commerce Department that the steel pipe used in construction will have to be made […]
Steel organizations were pleased by the first address by President Donald Trump to the joint session of Congress on Tuesday evening. Steel associations welcomed promises of trade enforcement, infrastructure spending and tax reform. Here is a sampling of comments following the President’s address. Thomas J. Gibson, president and CEO of American Iron and Steel Institute […]
This report summarizes total steel supply from 2003 through December 2016 and year on year changes. It then compares domestic mill shipments and 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 […]
According to the latest data released from the U.S. Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of December 2016 was 8,622,171 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports, then subtracting total US steel exports. December apparent […]
WASHINGTON, D.C., Feb. 6, 2017 – The American Iron and Steel Institute (AISI) Board of Directors has approved a public policy agenda outlining the Institute’s aggressive pro-manufacturing policy strategies to guide advocacy for the upcoming year and highlight importance of the steel industry to the success of the American economy. “The impact public policies have […]