Steel Products Prices North America
U.S. Raw Steel Production Shows Gains for the Week
Written by Tim Triplett
July 10, 2018
Raw steel production for the week ending July 7 totaled 1,792,000 net tons, a 3.4 percent increase from the same period last year and up 0.6 percent from the previous week. The mill capability utilization rate for the July 7 week averaged 76.4 percent, up from 76.0 percent in the prior week and 74.3 percent in the same week last year, reports the American Iron and Steel Institute in Washington. Although it has increased, mill utilization still remains short of the industry goal of 80 percent or more. In fact, it still lags this year’s peak of 78.7 percent recorded in March.
Adjusted year-to-date producton through July 7 totaled 47,922,000 net tons at a capability utilization rate of 76.3 percent. That’s up 2.9 percent from 46,571,000 tons in the same period last year when the capability utilization was 74.4 percent.
Following is production by district for the week of July 7: North East: 209,000 net tons; Great Lakes, 679,000 net tons; Midwest, 189,000 net tons; South, 639,000 net tons; and West, 76,000 net tons, for a total of 1,792,000.
Note, mill capability for third-quarter 2018 is approximately 30.8 million tons, compared to 30.6 million tons for the same period last year and 30.5 million tons for second-quarter 2018.
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.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
September Import Share of US Sheet and Plate Markets
Imported sheet and plate products arrived at US ports at a slower clip in September, accounting for a lower share of the domestic market for the third straight month. That’s according to a Steel Market Update analysis of import data from the US Commerce Department and domestic shipment figures from the American Iron and Steel […]
US Apparent Steel Supply Falls Further in September
US apparent steel supply eased further in September, down 8% from August to 8.29 million net tons, according to data from the US Department of Commerce and the American Iron and Steel Institute (AISI). As the lowest monthly figure since February 2021, this was a 19-month low. September supply was 10% below the average monthly rate […]
Northwest Pipe Reports Sharply Higher Q3 Results
Engineered pipe and tube producer Northwest Pipe Co. posted sharply higher profits for the third quarter ended Sept. 30. The Vancouver, Wash.-based company said the boost was driven by strong demand and increasing backlogs from its engineered pipeline systems and precast products, according to earnings data released on Tuesday, Nov. 8 All told, Northwest Pipe posted net […]
SMU Price Ranges: Flat-Rolled Steel Falls (Yet Again)
Sheet prices fell across the board again this week as the slow grind lower that we’ve seen since last spring continued to gain speed. Hot-rolled coil prices fell $30 per ton ($1.50 per cwt) week-over-week. Declines in coated products were more pronounced, with cold rolled down $55 per ton, galvanized down $35 per ton, and […]
US Steel Exports Slip 10% in September
US steel export volumes shrunk 10% from August to September, according to the latest US Commerce Department data. 723,000 net tons of steel products exited the country during the month, now the fourth-lowest monthly export rate over the past year and a half. Recall that exports levels in August were at the third-highest monthly rate […]