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    Weekly Raw Steel Production Remains Near 80 Percent

    Written by Brett Linton


    U.S. raw steel production for the week ending Sept. 22 totaled 1,863,000 net tons, up 8.9 percent from the same period last year and 0.1 percent from the prior week, reports the American Iron and Steel Institute. The mill capability utilization rate of 79.5 percent, up from 73.4 percent this time last year, once again flirted with the 80 percent benchmark sought by the industry.

    Adjusted year-to-date producton through Sept. 22 totaled 68,601,000 net tons at a capability utilization rate of 77.5 percent, up 4.4 percent from the same period last year when the capability utilization was 74.4 percent.

    Brett Linton

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    Mills seek more scrap after lower prices fail to attract tons

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    Nucor increases spot HR to $1,240/ton

    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.