Raw steel output by U.S. mills saw another small increase in the week ending Oct. 26 taking the average mill utilization rate back up over 80 percent of capacity. Production totaled 1,866,000 net tons at a utilization rate of 80.7 percent, up 1.4 percent from the previous week but down 0.6 percent compared with the […]
Raw steel output by U.S. mills saw a small increase in the week ending Oct. 19. Production totaled 1,841,000 net tons at a mill utilization rate of 79.6 percent, up 1.1 percent from the previous week but down 1.9 percent compared with the same week last year, reported the American Iron and Steel Institute. Adjusted year-to-date […]
Mill capacity utilization by U.S. mills has leveled off in the high 70 percent range. Raw steel production for the week ending Oct. 12 totaled 1,821,000 net tons at a mill utilization rate of 78.7 percent, up 0.9 percent from the previous week but down 3.0 percent compared with the same week last year, reported the […]
Demand for sheet products spiked to over five million tons in August for the first time since August last year, though flat rolled demand remains tepid. Construction expenditures are softening and will reduce the demand for long products through the balance of 2019. This analysis by Steel Market Update is based on steel mill shipment […]
Raw steel production by U.S. mills has been stuck in the high 70 percent range for the past seven weeks. The last time the utilization rate was above the desired mark of 80 percent was the week ending Aug. 24. Production for the most recent week ending Oct. 5 totaled 1,804,000 net tons at a […]
U.S. raw steel production in August fell 0.3 percent to 8,152,796 net tons, reports the American Iron and Steel Institute in Washington. August production is in line with the 2019 average of 8,147,242 tons and down 1.1 percent compared to the same month last year. Broken down by production method, 5,752,849 tons (70.6 percent) were […]
With three quarters of 2019 nearly complete, U.S. steel mills have managed to keep capacity utilization above the industry’s target of 80 percent, producing 3.4 percent more steel than they did in the first three quarters of 2018, reported the American Iron and Steel Institute. Through the week ending Sept. 28, domestic steelmakers produced 72,593,000 net […]
Steelmakers had a good run, keeping their mills running at 80 percent capacity or better for 30 weeks this year. But the market has shifted and the trend has reversed. Raw steel production by U.S. mills saw another small decline last week, taking the industry’s average capability utilization rate down to 77.7 percent. Mill utilization […]
Total U.S. raw steel production in the month of July rose 2.4 percent to 8,178,563 net tons, reports the American Iron and Steel Institute in Washington. August production is right in line with the 2019 average of 8,146,449 tons and is up 0.5 percent compared to the same month last year. Broken down by production […]
Demand for sheet products is declining due to the weakness in manufacturing. Construction expenditures are showing signs of softening and will reduce the demand for long products through the balance of 2019. This analysis by Steel Market Update is based on steel mill shipment data from the American Iron and Steel Institute (AISI) and import/export […]
Raw steel production by domestic steelmakers declined for the third week in a row, taking the industry’s average capability utilization rate down by another full percentage point to 77.8 percent. The last time the utilization rate was above 80 percent was the week of Aug. 24. Mill production has dipped by nearly 3 percentage points […]
Raw steel production by domestic steelmakers dipped for the second week in a row, taking the industry’s average capacity utilization rate down to 78.8 percent–the lowest level since the week of Aug. 4, 2018. Production for the week ending Sept. 7 totaled 1,835,000 net tons, down 0.8 percent from the previous week and down 1.7 […]
Raw steel production by domestic steelmakers dipped by 1.4 percent last week, taking the industry’s average capacity utilization rate down more than a percentage point to 79.5 percent–below the 80 percent mark the mills strive to maintain. Production for the week ending Aug. 31 totaled 1,850,000 net tons, also down 0.6 percent compared with the […]
Demand for long products continues to be very strong, driven by the construction industry. Demand for sheet products is declining due to the weakness in manufacturing. This analysis by Steel Market Update is based on steel mill shipment data from the American Iron and Steel Institute (AISI) and import-export data from the U.S. Department of […]
Steel mill capacity utilization climbed back over the 80 percent mark last week, increasing by 1.1 percent to register 80.6 percent, reported the American Iron and Steel Institute. Production was up by 0.9 percent compared with the same period last year. Raw steel production for the week ending Aug. 24 totaled 1,877,000 net tons. Domestic […]
Steel mill capacity utilization dipped below the 80 percent mark last week for the first time since early July, registering 79.8 percent, reported the American Iron and Steel Institute. Production was down by 0.2 percent compared with the same period last year–the first time this year that weekly production was below 2018 levels. Raw steel […]
After a month of small increases, steel mill capacity utilization dipped last week to 80.2 percent. The mills have still kept production above the benchmark 80 percent level for the past five weeks, since the week ending July 6. Raw steel production for the week ending Aug. 10 totaled 1,867,000 net tons, a decrease of […]
Total U.S. raw steel production in the month of June declined 4.1 percent to 7,984,988 net tons, reports the American Iron and Steel Institute in Washington. This is the first time monthly production levels have dipped under eight million tons since February 2019. Although down over the previous month, June production is only slightly below […]
Steel mill capacity utilization has been inching upward for the past month and registered 81.5 percent in the week ending Aug. 3 as the domestic mills benefit from higher steel prices. The last time the mills operated at this rate was mid-May. Raw steel production for the week ending Aug. 3 totaled 1,897,000 net tons, […]
Steel mill capacity utilization inched up for the third week in a row to nearly 81 percent last week as the domestic mills seek to capitalize on higher prices in the marketplace. Raw steel production for the week ending July 27 totaled 1,884,000 net tons, an increase of 0.6 percent from the previous week, as […]
Domestic steelmakers are keeping their capacity utilization above the 80 percent mark as they seek higher prices in the marketplace. The U.S. mill utilization rate averaged 80.4 percent in the week ending July 20, an increase of 0.3 percent from the previous week. Raw steel production for the week totaled 1,872,000 net tons. Production was […]
Total U.S. raw steel production in the month of May rose 2.7 percent to 8,325,489 net tons, reports the American Iron and Steel Institute in Washington. May production was at one of the higher levels in recent history, only surpassed by March 2019 and October 2018. Prior to those three months, the last time production […]
The U.S. mill capability utilization rate increased by 1.1 percent from the previous week, edging back up over 80 percent, reported the American Iron and Steel Institute. Raw steel production for the week ending July 13 totaled 1,867,000 net tons, for a mill utilization rate of 80.2 percent. Production was up by 1.6 percent compared […]
Demand for long products is very strong, driven by the construction industry. Demand for sheet products is declining. This analysis by Steel Market Update is based on steel mill shipment data from the American Iron and Steel Institute (AISI) and imports/export data from the U.S. Department of Commerce (DoC). The analysis summarizes total steel supply […]
The U.S. mill capability utilization rate saw a slight dip again last week to 79.4 percent–below the 80 percent level steelmakers had hoped to maintain. Raw steel production for the week ending July 6 totaled 1,847,000 net tons, the lowest level seen since last fall. Production was down 0.2 percent from the previous week, but […]
As many predicted, the mill capability utilization rate was bound to dip below 80 percent soon as domestic steelmakers ease back on production to trim supplies in pursuit of higher steel prices. Indeed, average utilization dipped last week for the fifth week in a row, by a full percentage point, to 79.5 percent. Raw steel […]
The market is keeping a close watch on capacity utilization by domestic steelmakers for signs the mills may be dialing back on their high production rates to better match supply with demand. While there was a small dip, mill utilization remained above the 80 percent level last week. The American Iron and Steel Institute reports […]
U.S. steel mill utilization inched up a half percent after four weeks of small declines to 81.1 percent in the week ending June 15. Raw steel production for the week totaled 1,887,000 net tons, a 4.0 percent increase from the same period last year, reported the American Iron and Steel Institute. Adjusted year-to-date production through June […]
Total U.S. raw steel production in the month of April declined 4.3 percent to 8,109,241 net tons, reports the American Iron and Steel Institute in Washington. Although down over the prior month, the April production level remains strong in comparison to recent months. Also remember that the March production level was the highest seen in […]
Steel Market Update is pleased to share this Premium content with Executive-level members. For more information on how to upgrade to a Premium-level subscription, email Info@SteelMarketUpdate.com. Demand for long products is strong, driven by construction, while demand for sheet is declining, according to this SMU analysis of the latest data from the American Iron and […]