US steel mill shipments declined 3.2% in February vs. January, and were off 4.4% from February 2022, the American Iron and Steel Institute (AISI) reported on Wednesday. Domestic steel mills shipped 6,917,842 net tons in February, compared with 7,148,270 tons in January and 7,232,679 tons in the same month a year earlier. AISI said that shipments […]
Raw steel production by US mills slipped again last week, down 1.3% from the week prior, according to data released by the American Iron and Steel Institute (AISI) on Monday, April 3. Domestic production stood at 1,658,000 net tons in the week ended April 1 vs. 1,679,000 net tons the previous week. It was off 3.7% from […]
Raw steel production by US mills slipped 0.4% last week from the week prior, according to data released by the American Iron and Steel Institute (AISI) on Monday, March 27. Domestic production stood at 1,679,000 net tons in the week ended March 25 vs. 1,686,000 net tons the previous week. It was off 1.8% from 1,710,000 net tons […]
Imported sheet and plate products’ arrival at US ports rose in January, leading their share of the US markets to recover, while domestic shipments varied during the month. That’s according to a Steel Market Update’s analysis of import data from the US Commerce Department and domestic shipment figures from the American Iron and Steel Institute […]
Raw steel production by US mills rose 0.5% last week from the week prior, according to data released by the American Iron and Steel Institute (AISI) on Monday, March 20. Domestic production stood at 1,686,000 net tons in the week ended March 18 vs. 1,677,000 net tons the previous week. It was off 1.4% from 1,710,000 net tons […]
Total US mill shipments of steel products increased in January, recovering from a 23-month low the month prior. January’s shipments were the highest since last August and totaled 7.63 million tons, a 6.5% increase from December’s 7.17 million tons. Apparent supply also saw a month-on-month (MoM) increase in January, up 7.9% vs. the prior month. This analysis […]
What’s perhaps most shocking about Cleveland-Cliffs starting the week up $100 per ton ($5 per cwt) on sheet and targeting $1,200 per ton for hot-rolled coil (HRC) is that many of you didn’t find it shocking. In early February, we got used to prices going up by $50 per ton from one week to the […]
Raw steel production by US mills rose 0.8% last week from the week prior, according to data released by the American Iron and Steel Institute (AISI) on Monday, March 13. Domestic production stood at 1,677,000 net tons in the week ended March 11 vs. 1,664,000 net tons the previous week. It was off 1.9% from 1,710,000 net tons in […]
US steel shipments rose 3.6% in January vs. December, but fell 7.9% year over year, according to the most recent figures from The American Iron and Steel Institute (AISI). Domestic steel mills shipped 7,148,270 net tons in January, up from 6,901,567 net tons shipped the prior month, but falling from the 7,757,807 net tons shipped […]
Raw steel production by US mills slipped 0.6% last week from the week prior, according to data released by the American Iron and Steel Institute (AISI) on Monday, March 6. Domestic production stood at 1,664,000 net tons in the week ended March 4 vs. 1,674,000 net tons the previous week. It was off 3.8% from 1,729,000 net tons in […]
The Congressional Steel Caucus (CSC) called on President Biden to keep Section 232 tariffs in place and to explore additional protections as well. “We encourage the Biden administration to continue to maintain the Section 232 tariffs and quotas, ensure strong trade remedy laws that address unfair trade practices, and protect our environment from high-emission foreign steel […]
Raw steel production by US mills recovered last week after declining slightly the week prior, according to data released by the American Iron and Steel Institute (AISI) on Monday, Feb. 27. The increase pushed capacity utilization up to 74.9%, driven by gains in tons in all regions except for the Northeast. This is up from […]
Imported sheet and plate products’ arrival at US ports declined in December, leading their share of the US markets to edge lower, while domestic shipments gained ground during the month. That’s according to a Steel Market Update analysis of import data from the US Commerce Department and domestic shipment figures from the American Iron and […]
Total US mill shipments of steel products declined in December, easing for the second straight month after fluctuating up and down for much of the year. December was the lowest mill shipment total for 2022, falling to the lowest total since February 2021. Shipments totaled 7.27 million tons in December, a 1% decrease from November’s 7.34 […]
Raw steel production by US mills slipped last week following five straight weeks of increases, according to data released by the American Iron and Steel Institute (AISI) on Tuesday, Feb. 21. The decline pushed capacity utilization down to 74%, driven by decreases in tons in all regions except for the South. This is down from […]
US apparent steel supply rose 2% in December to 8.2 million net tons compared to the previous month, according to data from the US Department of Commerce and the American Iron and Steel Institute (AISI). Apparent steel supply is determined by combining domestic steel mill shipments and finished US steel imports, then deducting total US […]
Raw steel production by US mills continued its rally, increasing for a fifth straight week, according to data released by the American Iron and Steel Institute (AISI) on Tuesday, Feb. 13. The increase pushed capacity utilization up to 74.4%, driven by increases in tons in the South and Northeast regions. This is up from the […]
Editor’s note: SMU Contributor Michael D’Angelo is a researcher and trader at Marex. In his role, Mike performs fundamental and quantitative analysis, which directly leads to actionable trading/risk management strategies across the base, precious, and ferrous metals derivative spaces. Prior to joining Marex, Mike received a BA in economics with a minor in finance from […]
Raw steel production by US mills rose for a fourth straight week, cresting the 74% utilization mark for the first time since the last week of October 2022, according to data released by the American Iron and Steel Institute (AISI) on Tuesday, Feb. 6. The increase pushed capacity utilization up to 74.1%, driven by increases […]
Raw steel production by US mills rose for a third straight week and surpassed the 73% utilization mark for the first time since the first week of December 2022, according to data released by the American Iron and Steel Institute (AISI) on Tuesday, Jan. 30. The increase pushed capacity utilization up to 73.1%, driven by […]
US apparent steel supply dropped 6% in November to 8 million net tons compared to the previous month, according to data from the US Department of Commerce and the American Iron and Steel Institute (AISI). Apparent steel supply is determined by combining domestic steel mill shipments and finished US steel imports, then deducting total US […]
Raw steel production by US mills rose for the second consecutive week after falling for four straight weeks, according to data released by the American Iron and Steel Institute (AISI) on Tuesday, Jan. 23. The increase pushed capacity utilization up to just 72.5%, driven by increases in tons in the South and Northeast regions. Domestic […]
Editor’s note: SMU Contributor Michael D’Angelo is a researcher and trader at Marex. In his role, Mike performs fundamental and quantitative analysis, which directly leads to actionable trading/risk management strategies across the base, precious, and ferrous metals derivative spaces. Prior to joining Marex, Mike received a BA in economics with a minor in finance from […]
Cleveland-Cliffs has announced a sheet price hike of $50 per ton ($2.50 per cwt) and new base prices for hot-rolled coil of $800 per ton ($40 per cwt). The big question now is not whether prices will continue to go up one or two weeks from now, but whether a price rally that began after […]
Raw steel production by US mills rebounded last week for the first time in five weeks as capacity utilization rose to just 71.7%, according to data released by the American Iron and Steel Institute (AISI) on Tuesday, Jan. 17. The increase came driven by increases in tons in the Great Lakes, Midwest, and South. Domestic […]
Editor’s note: Steel Market Update is pleased to share this Premium content with Executive members. For information on how to upgrade to a Premium-level subscription, email Info@SteelMarketUpdate.com. Total US mill shipments of steel products slipped in November and reached their lowest total year to date (YTD). Mill shipments have been fluctuating up and down all year […]
Raw steel production by US mills fell further last week as capacity utilization slipped to just 71.3%, according to data released by the American Iron and Steel Institute (AISI) on Monday, Jan. 9. The decline came as production was again impacted by the holidays, with mills in the Great Lakes, South, and West cutting production, […]
The Biden administration has announced $2.1 billion in funding for four nationally significant bridges in the US. This is the first round of funding from the Large Bridge Project Grants from President Biden’s competitive Bridge Investment Program, part of the Bipartisan Infrastructure Law. The Kentucky Transportation Cabinet will receive $1.385 billion to rehabilitate and reconfigure the existing […]
Raw steel production by US mills fell again last week as capacity utilization slipped to only 72.9%, according to data released by the American Iron and Steel Institute (AISI) on Monday, Dec. 19. The decline came as mills in the South and Northeast cut production, even as those in the Great Lakes, Midwest, and West […]
Imported sheet and plate products’ arrival at US ports varied in November, leading their share of the US market to diverge, even though domestic shipments declined during the month. That’s according to a Steel Market Update analysis of import data from the US Commerce Department and domestic shipment figures from the American Iron and Steel […]