Steel Products
AISI Raw Steel Production for 2012 Up 2.7% Over 2011
Written by Brett Linton
February 1, 2013
Written by: Brett Linton
The American Iron & Steel Institute (AISI) reported their final raw steel production numbers for the month of December 2012. This estimation is different than the weekly raw steel production as it is based on 75 percent of the domestic mills reporting versus 50 percent for the weekly estimates.
Total raw steel production for the month of December was reported to be 7,904,173 net tons with 4,707,511 NT being produced by electric arc furnaces (EAF) and 3,196,662 NT produced by blast furnaces.
December 2012 production was reported by the AISI to have been 5.8 percent higher than November 2012 raw steel production.
Total raw steel production for 2012 through the month of December is now 97,769,374 NT which is 2.7 percent above that of 2011.
Capacity utilization rate for the month of December was reported by the AISI to be 71.7 percent and for the calendar year the utilization rate is reported to have been 75.2 percent. (Source: AISI)

Brett Linton
Read more from Brett LintonLatest in Steel Products

Northwest Pipe changes name to NWPX Infrastructure
Northwest Pipe changes name to NWPX Infrastructure.

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.