Steel Products Prices North America
Raw Steel Production Up 3.5 Percent for the Week
Written by Tim Triplett
January 16, 2018
U.S. raw steel production for the week ending Jan. 13 totaled 1,707,000 net tons, a 1.7 percent decrease from the same period last year, but up 3.5 percent from the prior week. The mill capability utilization rate for the week averaged 73.2 percent, up from 70.7 percent the prior week but down from 74.5 percent the prior year, reports the American Iron and Steel Institute in Washington.
Adjusted year-to-date producton through Jan. 13 totaled 3,110,000 net tons at a capability utilization rate of 71.9 percent. That’s down 3.5 percent from the same period last year when the capability utilization was 74.5 percent.
Following is production by district for the week of Jan. 13: North East: 203,000 net tons; Great Lakes, 656,000 net tons; Midwest, 161,000 net tons; South, 614,000 net tons; and West, 73,000 net tons, for a total of 1,707,000.
The raw steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage from 50 percent of the domestic producers combined with monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends. The AISI monthly production report provides a more detailed summary of steel production based on data supplied by companies representing 75 percent of U.S. production capacity. Note, the mill capability in fourth-quarter 2017 was about 30.6 million tons, compared to 30.7 million tons for the same period last year and 30.6 million tons for third-quarter 2017.
Below is a graph showing the history of weekly raw steel production. You will need to view the graph on our website to use its interactive features; you can do so by clicking here. If you need assistance logging into or navigating the website, please contact our office at 800-432-3475 or info@SteelMarketUpdate.com.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
Nucor slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]
Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]