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    Weekly Raw Steel Production Drops

    Written by Brett Linton


    For the week ending January 17, 2015, the American Iron & Steel Institute (AISI) estimated that the U.S. steel industry produced 1,806,000 net tons (NT) of raw steel, a 4.9 percent decrease over the previous week and a 1.0 percent decrease over the same week one year ago. The estimated capacity utilization rate is 75.1 percent, down from 79.0 percent last week and down from 75.8 percent last year.

    Estimated total raw steel produced for 2015 YTD is reported to be 4,501,000 tons, up 1.6 percent from the 4,430,000 tons produced during the same period in 2014. The average capacity utilization rate for 2015 YTD is estimated to be 77.1 percent, up from 75.8 percent for 2014 YTD.

    Brett Linton

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    Nucor said on Monday, Oct. 12, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,240 per short ton (st) this week, a $10/st increase from a week earlier. The CSP for HR coil from California Steel Industries (CSI) on the West Coast will be $1,305/st, up $15/st from the prior week. Nucor is still offering lead times of three to five weeks, according to the letter to customers. You can track mill price announcements on our website. Steel Market Update (SMU) published a weekly price assessment on Tuesday, Oct. 6, showing HR coil prices averaging $1,270/st, up $10/st from the previous week. We will update our prices on the evening of Tuesday, Oct. 13.