U.S. raw steel production remained steady in September, up 0.8 percent to 6,587,000 net tons, as reported by the American Iron and Steel Institute.
AISI’s monthly raw steel production estimates are different than the weekly estimates SMU reports each Tuesday; the monthly estimates are based on over 75 percent of the domestic mills reporting versus only 50 percent reporting for the weekly estimates.
September raw production was 49,000 tons higher than in August, but 1,133,000 tons lower than the same month one year prior. September production was slightly above the 2020 monthly average of 6,581,000 tons, but down 14.7 percent compared to the same month last year.
Broken down by production method, 4,561,000 tons (69.2 percent) were produced by electric arc furnaces (EAFs) and 2,026,000 tons (30.8 percent) were produced by blast furnaces.
The mill capacity utilization rate for September averaged 68.6 percent, up from 65.9 percent in August, but down from 77.4 percent one year ago. The average capacity utilization rate for the year is now 66.8 percent, down from 80.3 percent in the same nine-month period of 2019.
SMU Note: Interactive versions of these raw steel production graphics can be seen in the Analysis section of our website here. We have detailed regional data available as well. If you need assistance logging into or navigating the website, contact us at info@SteelMarketUpdate.com.
Brett LintonRead more from Brett Linton
Latest in Steel Products Prices North America
Cliffs moves sheet prices higher, seeks $1,100/ton HRC
Cleveland-Cliffs is now targeting base prices of $1,100 per ton ($55 per cwt) for hot-rolled coil (HRC).
SMU price ranges: Sheet surge continues on limited spot availability
Sheet prices shot higher again this week on the heels of another round of mill price increases as well as on reports of production and supply chain issues at certain domestic producers.
Galvanized Sheet’s Premium Over Hot Rolled Hovering Around $200/Ton
The spread between hot-rolled coil (HRC) and galvanized sheet base prices has been hovering near $200 per net ton since late July, according to SMU’s latest analysis.
Plate Report: Quiet Turning to Sluggish?
The US plate market has been rather quiet over the past couple of weeks since Nucor Corp. caught many off guard with a $140-per-ton price cut.
SSAB’s Jeff Moskaluk on Wind’s Flurry of Opportunity for Steel
SMU discussed wind energy, a promising end-use market for steel, with SSAB Americas’ SVP and CCO Jeff Moskaluk.