Steel Products Prices North America

Slight Drop in Weekly Raw Steel Production
Written by Brett Linton
July 21, 2014
For the week ending July 19, 2014, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,893,000 net tons (NT) of raw steel, a 0.5 percent decrease over the previous week but a 2.2 percent increase over the same week one year ago. The estimated capacity utilization rate is 78.7 percent, down from 79.1 percent last week but up from 77.3 percent last year.
Estimated total raw steel produced for 2014 YTD is reported to be 52,627,000 tons, up 0.2 percent from the 52,534,000 tons produced during the same period in 2013. The average capacity utilization rate for 2014 YTD is estimated to be 76.7 percent, down from 76.8 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 235,000 tons, down 3,000 tons. Great Lakes at 683,000 tons, up 6,000 tons. Midwest at 237,000 tons, down 1,000 tons. South at 649,000 tons, down 11,000 tons. West at 89,000 tons, down 1,000 tons. Total production was 1,893,000 tons, down 10,000 tons.
SMU Note: You can view the interactive graphic on weekly raw steel production 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 your username and password, 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: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.

SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).

Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.

SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.

Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6