Steel Products
AISI Raw Steel Production New SMU Graphic
Written by John Packard
January 11, 2013
Based on the raw steel capability adjustment which was made by the American Iron and Steel Institute (AISI) as of the beginning of this year, SMU is adjusting the way we will present our visual data to our readers. We will begin to compare weekly production against the “revised” weekly production number from the comparable week from the prior year. As you can see by the graph below, the tonnage produced this past week is well below the tonnage produced one year ago. It is our opinion the existence of RG Steel had little to do with the production difference as those tons were easily absorbed by existing facilities along with the additional tons out of Severstal Columbus (new EAF).
Just to remind everyone – the AISI revised domestic mill capability for 1st Quarter 2013 to 30.8 million tons down from 32.7 million tons during 4th Quarter 2012 and down from 32.3 million tons compared to 1st Quarter 2012.
John Packard
Read more from John PackardLatest in Steel Products
Tariffs, ample domestic supply cause importers to shift or cancel HR import orders
Subdued demand is causing importers to cancel hot-rolled (HR) coil orders and renegotiate the terms of shipments currently enroute to the US, importers say. An executive for a large overseas mill said customers might find it difficult to justify making imports buys after US President Donald Trump doubled the 25% Section 232 tariff on imported steel […]
Drilling activity slows in the US, grows in Canada
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US totals slipped for a sixth straight week, while Canada saw a slight bump in activity.
Commerce finds no Korean OCTG shipments below market value
US Department of Commerce (Commerce) review found no South Korean oil country tubular goods (OCTG) exporters or producers sold products below market value
Drilling activity slows further in US and Canada
Oil and gas drilling activity declined again this week in both the US and Canada, according to Baker Hughes.
SMU Community Chat: Zekelman calls for more support for steel consumers
“Unless the administration actually gets serious about levelling the playing field… for consumers of steel, then everything they've done on the steel side is useless."