Domestic steel mills achieved a production rate last week not seen in more than six years. U.S. raw steel production for the week ending Oct. 27 totaled 1,898,000 net tons with the mills averaging 81.0 percent of their capability, up from 80.0 percent reported the prior week, according to the American Iron and Steel Institute. […]
U.S. mills have operated at 80 percent of capacity or better for two weeks in a row. U.S. raw steel production for the week ending Oct. 20 totaled 1,875,000 net tons with the mills averaging 80.0 percent of their capability, down slightly from 80.2 percent reported the prior week, according to the American Iron and […]
Gaurav Chhibbar is a partner at Metal Edge Partners, a firm engaged in Risk Management and Strategic Advisory. In this new role, he and his firm design and execute risk management strategy for clients along with providing process and analytical support. In Gaurav’s previous role, he was a Trader at Cargill spending time in Metal […]
U.S. raw steel production for the week ending Oct. 13 totaled 1,881,000 net tons with the mills operating at 80.2 percent of capacity, reported the American Iron and Steel Institute. The current week’s production is a 1.6 percent improvement from the prior week, and a 10.3 percent jump from the same period last year, when […]
U.S. mills have cranked out steel at a capability utilization rate of 79.0 percent or better for nine weeks in a row, but only briefly have breached the 80 percent mark. U.S. raw steel production for the week ending Oct. 6 totaled 1,851,000 net tons with the mills operating at 79.0 percent capacity, reported the American […]
U.S. raw steel production for the week ending Sept. 29 totaled 1,856,000 net tons, up 8.5 percent from the same period last year but down 0.4 percent from the prior week, reports the American Iron and Steel Institute. The mill capability utilization rate of 79.2 percent, up from 73.4 percent this time last year, remained […]
U.S. raw steel production for the week ending Sept. 22 totaled 1,863,000 net tons, up 8.9 percent from the same period last year and 0.1 percent from the prior week, reports the American Iron and Steel Institute. The mill capability utilization rate of 79.5 percent, up from 73.4 percent this time last year, once again […]
U.S. raw steel production slipped by a slight 0.9 percent last week, nudging the mill capability utilization rate back below 80 percent once again. The American Iron and Steel Institute reported an average utilization rate for the week ending Sept. 15 of 79.4 percent, down from the 80.2 percent level in the prior week. But steel […]
U.S. raw steel production finally topped the 80 percent capaciity utilization level the industry considers necessary for sustainable profitability. The American Iron and Steel Institute reported a utilization rate for the week ending Sept. 8 of 80.2 percent, up from 79.8 percent in the prior week, and up from 73.4 percent the same week one […]
U.S. raw steel production continues to surpass previous highs, just a hair away from the 80 percent capability utilization level sought by the industry. The American Iron and Steel Institute reported a utilization rate for the week ending Sept. 1 of 79.8 percent, up from 79.3 percent in the prior week, and up from 75.4 […]
The American Iron and Steel Institute reported a mill capability utilization rate for the week ending Aug. 25 of 79.3 percent, down slightly from 79.5 percent in the prior week, but up from 75.8 percent in the same week last year. Raw steel production for the week ending Aug. 25 totaled 1,858,000 net tons, the sixth week in a […]
U.S. mill capability utilization hit another new high for the year last week, moving closer to the 80 percent level sought by the industry. The American Iron and Steel Institute reported a utilization rate for the week ending Aug. 18 of 79.5 percent, up from 79.1 percent in the prior week, and up from 75.8 […]
U.S. mill capability utilization hit a new high for the year last week, inching closer to the industry’s desired 80 percent mark. The American Iron and Steel Institute reported a utilization rate for the week ending Aug. 11 of 79.1 percent, up from 78.0 percent in the prior week, and up from 75.8 percent in […]
U.S. raw steel production remained above the 1.8 million ton mark for the third week in a row, reports the American Iron and Steel Institute in Washington. Raw steel output for the week ending Aug. 4 totaled 1,828,000 net tons, a 4.3 percent increase from the same period last year, but down 0.4 percent from […]
“We’ve earned the right to grow,” said U.S. Steel Corp. CEO David Burritt during the company’s second-quarter 2018 earnings call. U.S. Steel showed its strength in the second quarter with net sales of $3.6 billion and net earnings of $214 million. Adjusted EBITDA rose from $376 million to $451 million year-over-year. U.S. Steel said its […]
U.S. raw steel production topped the 1.8 million ton mark for the second week in a row and mill utilization, at 78.3 percent, almost equaled this year’s peak of 78.7 percent achieved in March, reports the American Iron and Steel Institute in Washington. Raw steel output for the week ending July 28 totaled 1,836,000 net […]
U.S. raw steel production last week topped the 1.8 million ton mark for the first time since March, reports the American Iron and Steel Institute in Washington. Raw steel output for the week ending July 21 totaled 1,815,000 net tons, a 4.7 percent increase from the same period last year and up 1.8 percent from […]
U.S. raw steel production for the week ending July 14 totaled 1,783,000 net tons, a 2.9 percent increase from the same period last year but down 0.5 percent from the previous week. The mill capability utilization rate for the July 14 week averaged 76.1 percent, down from 76.4 percent in the prior week but up […]
Raw steel production for the week ending July 7 totaled 1,792,000 net tons, a 3.4 percent increase from the same period last year and up 0.6 percent from the previous week. The mill capability utilization rate for the July 7 week averaged 76.4 percent, up from 76.0 percent in the prior week and 74.3 percent […]
Raw steel production for the week ending June 30 totaled 1,781,000 net tons, a 1.9 percent increase from the same period last year and up 0.5 percent from the previous week. The mill capability utilization rate for the June 30 week averaged 76.0 percent, up from 75.6 percent in the prior week and 74.9 percent […]
Raw steel production for the week ending June 23 totaled 1,772,000 net tons, a 1.4 percent increase from the same period last year and up 1.8 percent from the previous week. The mill capability utilization rate for the June 23 week averaged 75.6 percent, up slightly from 74.2 percent in the prior week and 74.9 […]
Raw steel production for the week ending June 16 totaled 1,740,000 net tons, a 0.4 percent decrease from the same period last year and down 0.7 percent from the previous week, but little changed from week to week since briefly topping the 1.8 million ton mark in March and April. The mill capability utilization rate […]
Raw steel production for the week ending June 9 totaled 1,753,000 net tons, a 0.3 percent increase from the same period last year, but down 0.1 percent from the previous week. Weekly raw steel production has leveled out at an average around 1.77 million tons since briefly topping the 1.8 million ton mark in March […]
Most Steel Market Update sources expect prime scrap to increase by about $10 per ton in July, with the price of obsolete grades moving sideways. “Strong demand and lagging deliveries are the driving factors in the July market. Mills will be reluctant to cancel outstanding orders for fear of losing scrap to other mills and […]
Steel production for the week ending June 2 totaled 1,755,000 net tons, a 1.7 percent increase from the same period last year, but down 1.9 percent from the previous week. The mill capability utilization rate for the June 2 week averaged 74.9 percent, down from 76.3 percent the prior week but up slightly from 74.0 […]
Steel production for the week ending May 26 totaled 1,789,000 net tons, a 4.1 percent increase from the same period last year, and up 0.8 percent from the previous week. The mill capability utilization rate for the May 26 week averaged 76.3 percent, up from 75.7 percent the prior week and 73.7 percent the prior […]
Steel production for the week ending May 19 totaled 1,775,000 net tons, a 3.3 percent increase from the same period last year, and up 1.6 percent from the previous week. The mill capability utilization rate for the May 19 week averaged 75.7 percent, up from 74.5 percent the prior week and 73.7 percent the prior […]
For steel producers, there’s a strong correlation between capacity utilization and profits. Steel Market Update tracks capacity utilization for both flat and long products and both have been on the upswing since early 2018, at least in part due to the effects of the Trump administration’s plans to impose tariffs on steel imports. From January […]
Steel production for the week ending May 5 totaled 1,779,000 net tons, a 3.5 percent increase from the same period last year, and up 1.4 percent from the previous week. The mill capability utilization rate for the May 5 week averaged 75.9 percent, up from 74.8 percent the prior week and 73.7 percent the prior […]
Steel production for the week ending May 12 totaled 1,747,000 net tons, a 1.7 percent increase from the same period last year, but down 1.8 percent from the previous week. The mill capability utilization rate for the May 12 week averaged 74.5 percent, down from 75.9 percent the prior week but up from 73.7 percent […]