Steel Products Prices North America
Last Week’s Estimated Raw Steel Production
Written by Brett Linton
October 8, 2013
For the week ending October 5, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,873,000 net tons of raw steel, a 1.1 percent increase over the previous week and a 9.6 increase over the same week one year ago. The estimated capacity utilization rate is 78.2 percent, up from 77.3 percent last week and up from 68.7 percent last year.
Estimated total raw steel produced for 2013 YTD is reported to be 74,026,000 NT, down 3.0 percent from the 76,353,000 NT produced through the same period in 2012. The average capacity utilization rate for 2013 YTD is estimated to be 77.2 percent, up from 76.8 percent for 2012 YTD.
Week-over-week changes per district are as follows: North East at 211,000 net tons, down 1,000 tons. Great Lakes at 676,000 NT, up 28,000 tons. Midwest at 220,000 NT, down 22,000 tons. South at 678,000 NT, up 17,000 tons. West at 88,000 NT, down 1,000 tons. Total production was 1,873,000 NT, up 21,000 tons.
Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America
CRU: Longs pricing trends diverge in North, South America
Most longs prices in the US were unchanged this month, except for rebar, which declined by $1.50/cwt ($30/short ton) m/m. While end-use demand is stable, inventories are well-stocked, keeping purchases limited. Domestic availability is sufficient to meet current demand, hindering the appetite for imported material. Meanwhile, prices for scrap remained under pressure in June, with […]
Nucor cuts plate prices by $125/ton, cites ongoing competition
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its August order book.
Nucor cuts HR price for fourth straight week
Nucor lowered its consumer spot price (CSP) for hot-rolled (HR) coil by another $10 per short ton (st) for the first week of July. The steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670/st for all of its sheet mills with the exception of California Steel Industries (CSI).
Cliffs sets $720/ton HR price with opening of August books
Cleveland-Cliffs on Tuesday announced its monthly hot-rolled (HR) coil price of $720 per short ton (st) with the official opening of its August order book. The rate is down from last month’s price of $800/st.
CRU: Demand weakness continues to weigh on global sheet markets
Demand has remained persistently weak across the globe for sheet steel, weighing on prices. US HR coil prices fell the furthest this week as high-volume, low-priced deals were transacted as mills looked to fill order books and competed with one another amid relative demand weakness. Meanwhile, European prices were also down due to low demand […]