Steel Products Prices North America
Slight Decrease in Weekly Raw Steel Production
Written by Brett Linton
May 6, 2014
For the week ending May 3, 2014, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,815,000 net tons (NT) of raw steel, a 1.1 percent decrease over the previous week and a 1.1 percent decrease over the same week one year ago. The estimated capacity utilization rate is 75.5 percent, down from 76.3 percent last week and down from 76.6 percent last year.
Estimated total raw steel produced for 2014 YTD is reported to be 32,089,000 NT, down 0.8 percent from the 32,359,000 NT produced through the same period in 2013. The average capacity utilization rate for 2014 YTD is estimated to be 76.0 percent, down from 76.9 percent for 2013 YTD. Note that there has been a change in production capability for 2014- comparisons between 2013 and 2014 capacity utilization rates are against different production levels, so the total tonnage figures are best suited for yearly comparisons.
Week-over-week changes per district are as follows: North East at 221,000 net tons, down 8,000 tons. Great Lakes at 608,000 NT, down 13,000 tons. Midwest at 247,000 NT, up 15,000 tons. South at 651,000 NT, down 14,000 tons. West at 88,000 NT, unchanged. Total production was 1,815,000 NT, down 20,000 tons.
SMU Note: You can view the interactive graphic below when you are logged into the website and reading the newsletter online. If you have not logged into the website in the past and need a new user name and password we can do that for you out of our office. Contact us at: info@SteelMarketUpdate.com or by calling 800-432-3475. If you need help navigating the website we would also be very happy to assist you.
{amchart id=”84″ Weekly Raw Steel Production from AISI}
Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America
SMU price ranges: Sheet slips, plate falls to 45-month low
Steel sheet and plate prices moved lower this week as efforts among some mills to hold the line on tags ran up against continued concerns about demand.
CRU: US longs prices remain mostly flat in October
CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.
Nucor holds HR base price at $730/st
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) at $730 per short ton (st) this week.
Buyers say galv prices stable mill level but stuck in swamp on the street
Galvanized steel buyers on Tuesday discussed the eerie stability in sheet prices of late. Expectations are for the murky market to persist in the short term, while glimmers of hope continue for prices pushing higher.
Nucor ups weekly HR price by $10/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil increased $10 per short ton (st) from last week to $730/st as of Monday, Sept. 23.