Steel Products Prices North America
Raw Steel Production Stays Above 81 Percent
Written by Tim Triplett
June 4, 2019
The U.S. mill capability utilization rate saw a slight dip for the third week in a row but remained above 81 percent (81.2 percent) for the week ending June 1. Raw steel production declined by 0.1 percent from the previous week to 1,890,000 net tons. The week’s production represented a 4.5 percent increase from the same period last year, reported the American Iron and Steel Institute.
Adjusted year-to-date production through June 1 totaled 41,235,000 tons at an average capability utilization rate of 81.6 percent, a tonnage increase of 6.2 percent from the same period last year when the utilization rate was 76.6 percent
Following is production by district for the June 1 week: North East: 203,000 net tons; Great Lakes, 741,000 net tons; Midwest, 189,000 net tons; South, 685,000 net tons; and West, 72,000 net tons, for a total of 1,890,000 tons.
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: Capability for second-quarter 2019 is approximately 30.3 million tons compared to 30.5 million tons for the same period last year and 29.9 million tons for first-quarter 2019.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
SMU price ranges: Sheet slips, plate falls to 45-month low
Steel sheet and plate prices moved lower this week as efforts among some mills to hold the line on tags ran up against continued concerns about demand.
CRU: US longs prices remain mostly flat in October
CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.
Nucor holds HR base price at $730/st
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) at $730 per short ton (st) this week.
Buyers say galv prices stable mill level but stuck in swamp on the street
Galvanized steel buyers on Tuesday discussed the eerie stability in sheet prices of late. Expectations are for the murky market to persist in the short term, while glimmers of hope continue for prices pushing higher.
Nucor ups weekly HR price by $10/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil increased $10 per short ton (st) from last week to $730/st as of Monday, Sept. 23.