Steel Products Prices North America

Global Steel Production and Capacity Utilization, March 2014
Written by Peter Wright
April 22, 2014
Production in March was at an all-time high of 141.3 million tonnes and increase of 15.4 million tonnes from February. This jump has become normal for the month of March which for the last three years was the highest month of the year. The three month moving average (3MMA) of production was at an annual rate of 1.616 billion tonnes with a capacity utilization of 77.8, also a 3MMA, (Figure 1).
Capacity is now 2.076 billion tonnes. Table 1 shows regional production in March with regional share of the global total, also three months production through March and YTD production(which is the same thing this month.) In the three months through March y/y growth was 2.2 percent. All regions except the CIS and South America had positive y/y growth in the three months through March with the European Union continuing to lead the way. The growth of China’s steel output has slowed for each of the last five months on a 3MMA basis and in March was 1.9 percent, down from 12.4 percent in March last year. It is still too soon to tell if the growth of China’s production really is being reigned in but the signs are encouraging. North America and China produced 7.3 percent and 49.7 percent of the global total in March, respectively, which was the exact same as February. Source World Steel Association.

Peter Wright
Read more from Peter WrightLatest in Steel Products Prices North America

SMU Price Ranges: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.

Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.

Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.

SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.

SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.