Steel Products Prices North America

Mill Utilization Rate Inches Back Over 80 Percent
Written by Tim Triplett
July 16, 2019
The U.S. mill capability utilization rate increased by 1.1 percent from the previous week, edging back up over 80 percent, reported the American Iron and Steel Institute. Raw steel production for the week ending July 13 totaled 1,867,000 net tons, for a mill utilization rate of 80.2 percent. Production was up by 1.6 percent compared with the same week last year, when capacity utilization averaged 78.4 percent.
Adjusted year-to-date production through July 13 totaled 52,325,000 net tons at an average capability utilization rate of 81.1 percent. That’s up 5.2 percent from the 49,756,000 net tons during the same period last year when the capability utilization rate was 77.0 percent.
Following is production by district for the July 13 week: North East: 195,000 net tons; Great Lakes, 683,000 net tons; Midwest, 205,000 net tons; South, 709,000 net tons; and West, 75,000 net tons, for a total of 1,867,000 tons. Production for the week increased in the South, Midwest and West, but decreased in the Northeast and Great Lakes regions.
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 third-quarter 2019 is approximately 30.6 million tons compared to 30.8 million tons for the same period last year and 30.3 million tons for second-quarter 2019.

Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America

Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.

SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.

Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6

SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.

Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.