Raw steel production by US mills dropped slightly last week vs. the previous week, according to data released by the American Iron and Steel Institute (AISI) on Monday, May 8. Domestic steel production was 1,712,000 net tons during the week ended May 6, off 0.2% from 1,716,000 tons the prior week. Production was 3.4% lower than the […]
New calculations suggest that the lifespan of steel might be shorter than originally believed, according to a report released by the Steel Manufacturers Association (SMA). The report provides new calculations suggesting that the lifespan of steel is in the range of 25 to 35 years, rather than 40 years. The shorter lifespan increases the availability of […]
Raw steel production by US mills inched up again last week, rising 0.9% from the week before and moving higher for a fourth consecutive week, according to data released by the American Iron and Steel Institute (AISI) on Monday, May 1. Domestic steel production stood at 1,716,000 net tons during the week ended April 29 vs. 1,700,000 tons […]
Raw steel production by US mills rose slightly last week, up 0.7% from the week prior and moving higher for the second straight week, according to data released by the American Iron and Steel Institute (AISI) on Monday, April 17. Domestic production stood at 1,687,000 net tons in the week ended April 15 vs. 1,675,000 tons […]
Raw steel production by US mills recovered slightly last week, rising 1% from the week prior, according to data released by the American Iron and Steel Institute (AISI) on Monday, April 10. Domestic production stood at 1,675,000 net tons in the week ended April 8 vs. 1,658,000 tons the previous week. Output was off 6.3% from 1,788,000 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Algoma Steel said lower production volumes and steel selling prices, as well as the jump in the price of key inputs, hit its fiscal Q3 earnings as the company swung to a loss. The Sault Ste. Marie, Ontario-based steelmaker posted a net loss of Canadian $69.8 million ($52.3 million USD) in its 3Q ended Dec. […]
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 […]
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 […]
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 […]
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, […]
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 […]
Total US mill shipments of steel products edged up in October, recovering slightly month on month (MoM), after falling in September to their lowest total year to date (YTD). Mill shipments have been fluctuating up and down all year with little consistency, and October was no different. October’s shipments totaled 7.65 million tons, a 0.9% increase […]
Raw steel production by US mills inched up last week, gaining ground for the second straight week, according to the latest data from the American Iron and Steel Institute (AISI). Despite the increase, utilization remained below the 80% mark for the 22nd consecutive week. Domestic steel output was 1,635,000 net tons during the week ending […]
Raw steel production by US mills edged up last week after declining the prior two weeks. Despite the increase, utilization remained below the 80% mark for the 21st consecutive week, according to the latest data from the American Iron and Steel Institute (AISI). Domestic steel output was 1,630,000 net tons during the week ending Dec. […]
This past week was a rather notable one in recent memory when it comes to steel prices. We saw a wave of $60-per-ton sheet price hikes announced by domestic mills. It’s somewhat of an unfamiliar sight in the industry over the past couple of years or so, but just about everyone got in on the […]
Raw steel production by US mills fell further last week, bringing output to its lowest weekly total all year. Last week’s result kept both utilization and production at their lowest levels since the week of Dec. 26, 2020, according to the latest data from the American Iron and Steel Institute (AISI). Domestic steel output was […]
Raw steel production by US mills edged back down last week. The marginal week-on-week (WoW) decline brought output to its lowest weekly total all year, keeping both utilization and output at their lowest levels in nearly two years, according to the latest data from the American Iron and Steel Institute (AISI). Domestic steel output was […]
US raw steel production slipped 400,000 net tons to 7.22 million tons in September, down 5% from August, according to recently released American Iron and Steel Institute (AISI) data. September represents the third lowest monthly production rate seen since 2020, behind February 2021 and February 2022. Production continues to trend downward since peaking in mid-2021. […]