U.S. raw steel production marginally increased from November to December to 7.83 million net tons, according to recently released American Iron and Steel Institute data. Recall that in August, production reached a 20-month high of 8.29 million tons. December production was up 691,000 tons or 10% compared to the same month last year. Note that […]
Raw steel production by domestic mills fell for the third consecutive week, totaling 1,785,000 net tons in the week ending Feb. 5, according to the American Iron and Steel Institute (AISI). U.S. output was down 0.6% versus the prior week, but was 2.6% higher than the same period last year when production was 1,739,000 net […]
Algoma Steel Group Inc. has awarded GE Gas Power (GE) the contract to upgrade its natural gas combined cycle power plant to support the power requirements of the steelmaker’s new electric arc furnace (EAF). The Sault Ste. Marie, Ontario-based steelmaker said the upgrade, which includes the installation of two gas turbine packages, is expected to […]
Raw steel production by U.S. mills totaled 1,796,000 net tons in the week ending Jan. 29, slipping for the second straight week, reported the American Iron and Steel Institute. Domestic output was down 1.6% versus the prior week, but was still 3.5% higher than the same year-ago period when production was 1,736,000 net tons. Mill […]
World crude steel production grew in December, expanding for only the second time in seven months. Steelmakers around the world produced an estimated 158.7 million metric tons of crude steel in December, surging 10.7% or 15.4 million tons from the prior month, according to World Steel Association (worldsteel) data. Steel production had been trending down […]
Domestic raw steel production totaled 1,803,000 net tons in the week ending Jan. 22, down 1.6% versus the prior week and slipping for the first time in three weeks, reported the American Iron and Steel Institute. Despite the decrease, last week’s output marked a 3.9% gain over the same period last year when production was […]
Raw steel production by domestic mills improved for the second straight week, totaling 1,833,000 net tons in the week ending Jan. 15. The increase marked a 5.6% gain over the same period last year and up 1.1% from the prior week when production was 1,813,000 tons, reported the American Iron and Steel Institute. Mill capacity […]
Total mill shipments of steel products fell 3.3% in November to 8.334 million tons, slipping for only the second time in eight months. Apparent supply rose fractionally in November, up 0.2% after eroding successively the prior two months. This analysis is based on steel mill shipment data from the American Iron and Steel Institute (AISI) and import-export […]
Steel production by domestic mills rose during the first full week of the New Year, pushing capacity utilization up over 82%. U.S. raw steel output totaled 1,813,000 net tons in the week ending Jan. 8, up 4.4% from the same period last year and up 1.6% from the prior week when production was 1,785,000 tons, reported […]
Steel production by domestic mills saw a small dip over the holidays, but capacity utilization remains above a healthy 80% to start the New Year. Raw steel output totaled 1,785,000 net tons in the week ending Jan. 1, 2022, up 9.5% from the same period last year but down 0.9% from the prior week when […]
Domestic raw steel production lost some ground in the week ending Dec. 18, slipping for the third time over the past four weeks and falling to its lowest total since the week ending May 22. U.S. mills produced an estimated at 1,805,000 net tons during the week, while the average mill utilization rate fell to […]
Domestic raw steel production recovered some ground in the week ending Dec. 11 after slipping for two straight weeks. U.S. mills produced an estimated at 1,818,000 net tons during the week, while the average mill utilization rate rose to 82.4%, according to the American Iron and Steel Institute (AISI). Production was up an estimated 0.6% […]
Total mill shipments of steel products edged up 1.4% in October to 8.619 million tons, following a 12.2% fall the month prior. Apparent supply slipped for the second straight month in October, down 2.2% on top of a 6.9% decline in September. October’s contraction marks the first month-on-month decrease in steel supply since apparent supply fell […]
Algoma Steel Group Inc. has picked Danieli & C. Officine Meccaniche S.p.A (Danieli) as the technology provider for their new electric arc (EAF) steelmaking facility set for operation in early 2024. The Sault Ste. Marie, Ontario-based steelmaker said that Danieli’s systems were the best choice for their new mill as they transition away from basic […]
With almost 11 months in the record books, domestic raw steel production is up nearly 20% versus last year when the market was dogged by various pandemic disruptions. Adjusted year-to-date production through Nov. 27 totaled 86,274,000 net tons – up 19.7% from the 72,053,000 net tons during the same period in 2020. The average mill utilization […]
Domestic raw steel production slipped in the week ending Dec. 4, down for the second straight week. U.S. mills produced an estimated at 1,807,000 net tons during the week, while the average mill utilization rate dipped to 81.9%, according to the American Iron and Steel Institute (AISI). Production was down an estimated 1.6% compared to […]
Domestic raw steel production edged higher in the week ending Nov. 20, increasing for the second consecutive week. U.S. mills produced an estimated 1,861,000 net tons during the week, while the average mill utilization rate rose to 84.3%, according to the American Iron and Steel Institute (AISI). Production was up an estimated 0.3% compared to […]
Raw steel production by U.S. mills rebounded after falling for three straight weeks, and down five out of the last seven weeks. Domestic raw steel production was estimated at 1,856,000 net tons in the week ending Nov. 13, while the average mill utilization rate rose to 84.1%, according to the American Iron and Steel Institute […]
Total mill shipments of steel products fell 12.2% in September to 8.502 million tons, after seeing an 11.1% increase the month prior. Apparent supply also slipped in September, down 6.9%, following a 7.9% increase in August. September’s contractions mark the first decrease in steel supply in seven months. This analysis is based on steel mill shipment […]
Steel Market Update is pleased to share this Premium content with Executive members. For information on upgrading to a Premium-level subscription, email Info@SteelMarketUpdate.com. U.S. raw steel production in September eased 4.9% from August to 7.89 million net tons, a 408,000-ton seasonal decline, according to American Iron and Steel Institute data. One month prior, production had reached a 20-month high […]
Raw steel production by U.S. mills slipped for the third straight week, now down five out of the last six weeks. Domestic raw steel production was estimated at 1,841,000 net tons in the week ending Nov. 6, while the average mill utilization rate dipped to 83.4%, its lowest reading since the week of July 10, […]
Raw steel production by U.S. mills slipped for the second consecutive week following their highest tonnage output since the pandemic started just two weeks prior. Domestic raw steel production was estimated at 1,860,000 net tons in the week ending Oct. 30, while the average mill utilization rate was 84.3%, according to the American Iron and […]
With record third-quarter earnings of $2 billion in the bank, U.S. Steel President and CEO David Burritt offered a bullish outlook for the steel industry and his company in 2022. Highlights of the company’s earnings call on Friday included an update on the steelmaker’s progress in finding a site for its new electric arc furnace […]
Domestic raw steel production edged down slightly after matching its pandemic-era high the week prior. Production by U.S. mills was estimated at 1,870,000 net tons in the week ending Oct. 23, while the average utilization rate was 84.7%, according to the American Iron and Steel Institute (AISI). Output was down 0.6% compared to the week […]
U.S. raw steel production has recovered after slipping for two straight weeks. Production by U.S. mills was estimated at 1,882,000 net tons in the week ending Oct. 16, while the average utilization rate equaled its highest reading all year at 85.3%, according to the American Iron and Steel Institute (AISI). Output rose by 1.3% compared to […]
U.S. raw steel production edged down for the second straight week. Production by U.S. mills was estimated at 1,858,000 net tons in the week ending Oct. 9, while the average utilization rate was still a very strong 84.2%, according to the American Iron and Steel Institute (AISI). Output was down by 0.7% compared to the week […]
Mill shipments of steel products jumped 11.2% in August to 9.69 million tons, following an increase of 2.0% the month prior. Apparent supply was up 7.8% in August after a 3.6% increase in July. August’s expansion is the sixth straight month of growth in the steel supply since February’s double-digit contraction. This analysis is based on […]
Domestic raw steel production slipped in the week ending Oct. 2, remaining just under the pandemic-era high seen the month prior. According to the American Iron and Steel Institute (AISI), production by U.S. mills was estimated at 1,827,000 net tons while the average mill utilization rate was 84.8%. Output edged down slightly by 0.4 of […]
Domestic raw steel production crept up in the week ending Sept. 25, recovering from the slight dip the week prior and landing just under the pandemic-era high seen earlier in the month. According to the American Iron and Steel Institute (AISI), production by U.S. mills was estimated at 1,880,000 net tons while the average utilization […]
Domestic raw steel production edged down marginally in the week ending Sept. 18 after climbing to a new pandemic-era high the week prior. According to the American Iron and Steel Institute (AISI), production by U.S. mills was estimated at 1,874,000 net tons while the average utilization rate was 84.9%. Mill utilization has fluctuated in recent weeks […]