Steel Products Prices North America

September Raw Steel Production Lowest since April
Written by Brett Linton
November 2, 2014
The American Iron & Steel Institute (AISI) reported their final raw steel production numbers for the month of September 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 September was reported to be 8,048,954 net tons with 5,026,395 tons being produced by electric arc furnaces (EAF) and 3,022,559 tons produced by blast furnaces. September raw steel production was reported by the AISI to have been 5.8 percent lower than the previous month. The last time production was this low was for the month of April 2014 when 7,891,258 tons were produced.
Total raw steel production in 2014 throughout September is now 73,145,567 tons which is 1.6 percent above that of 2013 through the same time period. The capacity utilization rate for the month of September was reported to be 78.1 percent and 78.0 percent for 2014 YTD. (Source: AISI)
SMU Note: You can view the interactive graphic of our raw steel production history below, but only when you are logged in and reading the newsletter on our website. If you need help logging into the website or navigating through it, please contact us at: info@SteelMarketUpdate.com or by calling 800-432-3475.
{amchart id=”131″ Monthly Raw Steel Production from AISI – AIS 7}

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