Steel Products Prices North America
October Raw Steel Production Down 9.1 Percent Year to Date
Written by Brett Linton
November 24, 2015
The American Iron & Steel Institute (AISI) recently reported final raw steel production estimates for the month of October 2015. The monthly estimates are different than the weekly estimates we report in our Tuesday issues; the AISI bases the monthly estimates on 75 percent of the domestic mills reporting vs. only 50 percent for the weekly estimates.
Total raw steel production for the month of October was reported to be 7,215,324 net tons with 4,710,481 tons being produced by electric arc furnaces (EAF) and 2,504,843 tons produced by blast furnaces. October raw steel production was reported to be 12,554 tons or 0.2 percent lower than the previous month and down 932,337 tons or 11.4 percent from the same month last year.
Compared to the first nine months of 2014, 2015 YTD production is down 9.1 percent to 73,909,309 tons. The table below shows that all 11 state-groups in the yearly comparison were reported as down.
The capacity utilization rate for the month of October 2015 was reported to be 68.1 percent, down from 70.5 percent in September and down from 76.5 percent in October 2014.
SMU Note: An interactive graphic of our raw steel production history can be seen in the Analysis section of our website here. If you need help logging into the website or navigating through it, please contact us at info@SteelMarketUpdate.com or 800-432-3475.
Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America
Nucor increases CSP, aims for $720/ton for HRC
Nucor has raised its weekly consumer spot price (CSP) by $10 per short for hot-rolled (HR) coil to $720/st.
Nucor inches HR price up, aims for $695/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $695 per short ton (st), up $5/st from last week.
Nucor maintains $690/ton HR base price
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil is unchanged from last week at $690/ton.
CRU: US prices find a bottom as other markets fall
The US sheet market appears to have reached a bottom following consistent weekly declines since April. However, other markets remain weak due to limited demand. Trading in Europe has been slow due to summer holidays. While European mills are also undergoing maintenance outages, these have not been enough to offset ongoing price falls, with weak […]
Cliffs seeks $700/ton for HR, up $30/ton from last week
Cleveland-Cliffs said on Wednesday that it would seek at least $700 per short ton (st) for hot-rolled (HR) coil. The Cleveland-based steelmaker said it made the move "due to ongoing market developments." The company said the increase was effective immediately for HR orders for September.