The American Iron and Steel Institute reported a mill capability utilization rate for the week ending Aug. 25 of 79.3 percent, down slightly from 79.5 percent in the prior week, but up from 75.8 percent in the same week last year.
Raw steel production for the week ending Aug. 25 totaled 1,858,000 net tons, the sixth week in a row that steel output topped 1.8 million tons. Steel production in the U.S. was down a slight 0.3 percent from the previous week but up 5.1 percent from the same period last year.
Adjusted year-to-date producton through Aug. 25 totaled 60,993,000 net tons at a capability utilization rate of 77.0 percent. That’s up 3.7 percent from 58,823,000 tons in the same period last year when the capability utilization was 74.6 percent.
Following is production by district for the week of Aug. 25: North East: 207,000 net tons; Great Lakes, 691,000 net tons; Midwest, 192,000 net tons; South, 683,000 net tons; and West, 5,,000 net tons, for a total of 1,858,000.
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 TriplettRead more from Tim Triplett
Latest in Steel Products Prices North America
SMU Price Ranges: Sheet Slips Again on Strike, But Is a Bottom in Sight?
Sheet prices slipped again this week on news of the United Auto Workers (UAW) strike and continued caution among some consumers.
HRC vs. Galv Price Spread Widened This Summer
The spread between hot-rolled coil (HRC) and galvanized sheet base prices widened throughout the summer as hot rolled prices declined faster than those of galvanized.
SMU Price Ranges: Sheet Slips Again on UAW Strike Fears
Sheet prices fell across the board ahead of what many market participants predict will be a strike by the United Auto Workers (UAW) later this week.
Nucor Lowers Plate Prices by $40/t
Nucor Corp. will lower plate prices by $40 per ton ($2 per cwt) with the opening of its October order book.
SMU Price Ranges: Sheet Prices Move Lower, No Bottom Yet
Sheet prices have fallen this week, after a small pause last week when prices saw mixed results. Tags have now been largely trending lower since July.