The American Iron & Steel Institute (AISI) reported their final raw steel production numbers for the month of May 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 May was reported to be 8,235,715 net tons (NT) with 5,244,192 NT being produced by electric arc furnaces (EAF) and 2,991,523 NT produced by blast furnaces. May raw steel production was reported by the AISI to have been 4.4 percent higher than the previous month.
Total raw steel production in 2014 throughout May is now 39,975,978 NT which is 0.7 percent above that of 2013 through the same time period. The capacity utilization rate for the month of May was reported to be 77.3 percent and 77.0 percent for 2014 YTD. (Source: AISI)
Below is a chart showing the monthly production figures in a 3-month moving average.
Brett LintonRead more from Brett Linton
Latest in Steel Products Prices North America
SMU Price Ranges: Sheet Slips Again on Strike, But Is a Bottom in Sight?
Sheet prices slipped again this week on news of the United Auto Workers (UAW) strike and continued caution among some consumers.
HRC vs. Galv Price Spread Widened This Summer
The spread between hot-rolled coil (HRC) and galvanized sheet base prices widened throughout the summer as hot rolled prices declined faster than those of galvanized.
SMU Price Ranges: Sheet Slips Again on UAW Strike Fears
Sheet prices fell across the board ahead of what many market participants predict will be a strike by the United Auto Workers (UAW) later this week.
Nucor Lowers Plate Prices by $40/t
Nucor Corp. will lower plate prices by $40 per ton ($2 per cwt) with the opening of its October order book.
SMU Price Ranges: Sheet Prices Move Lower, No Bottom Yet
Sheet prices have fallen this week, after a small pause last week when prices saw mixed results. Tags have now been largely trending lower since July.