Steel Products Prices North America
January Raw Steel Production at 8.08 Million Net Tons
Written by Brett Linton
March 2, 2014
The American Iron & Steel Institute (AISI) reported their final raw steel production numbers for the month of January 2014. This estimation is different than the weekly raw steel production as it is based on 75 percent of the domestic mills reporting vs. 50 percent for the weekly estimates.
Total raw steel production for the month of January was reported to be 8,078,550 net tons (NT) with 5,127,357 NT being produced by electric arc furnaces (EAF) and 2,951,193 NT produced by blast furnaces. January raw steel production was reported by the AISI to have been 2.9 percent higher than the previous month.
Total raw steel production for 2014 so far is 0.5 percent below that of 2013 through the same time period. The capacity utilization rate for the month of January was reported to be 75.8 percent. (Source: AISI)
Below is a chart showing the monthly production figures in a 3-month moving average.
Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America
Nucor lifts HR spot price by $10/ton
Nucor has raised its weekly spot list price on hot-rolled coil by $10 per short ton (st) after keeping it unchanged since Aug. 25.
Atlas Tube up $50/ton following NLMK USA sheet price hike
Atlas Tube, in a leading move, said it aims to increase prices for mechanical tubing, hollow structural sections (HSS), and piling products by at least $50 per short ton (st).
NLMK USA up $50/ton on HR and CR, up $100/ton on coated
NLMK USA plans to increase prices for hot-rolled and cold-rolled coil by at least $50 per short ton (st). The move is effective immediately for all spot orders, the steelmaker said in a letter to customers on Friday.
SMU Price Ranges: Sheet floor holds as market debates upside
Our average HR coil price increased $5/short ton from last week, marking a second consecutive week of modest gains. Market participants generally attributed the increase to...
Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.