Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/4216336fe22d58a41ec36feca15ba1c0.jpg)
Raw Steel Production Ticks Upward: AISI
Written by Becca Moczygemba
October 3, 2022
Raw steel production by US mills saw a slight uptick. Last week’s utilization is only modestly elevated compared to the previous week’s. Utilization rates haven’t eclipsed the 80% mark in thirteen weeks, the longest run since the pandemic.
Domestic output was 1,700,000 net tons in the week ending Oct. 1, while capacity utilization was 77.1%, according to the latest data from the American Iron and Steel Institute (AISI).
US output was up 1% from the week prior and down 7.9% from last year’s production of 1,839,000 net tons. Mill capacity utilization last week was 0.7 percentage points above the prior week and 3.9 percentage points below the same period one year ago when utilization was 81%.
Adjusted year-to-date production through Oct. 1 totaled 66,118,000 net tons, at an average utilization rate of 79.6%. That’s 4.1% below the same period last year when production was 71,047,000 net tons and capability utilization was at 81%, AISI said.
Output fell in two out of the five regions last week. The Great Lakes region saw the sharpest decline in tons WoW, down 16,000 net tons, or -2.8%. The Northeast saw the highest percentage decline, down 4.2% (-6,000 net tons).
Production by region for the week ending Oct. 1 was as follows: Northeast, 138,000 tons; Great Lakes, 549,000 tons; Midwest, 196,000 tons; South, 746,000 tons; and West, 71,000 tons—for a total of 1,700,000 net tons, up 17,000 net tons from the prior week.
Note: The raw steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided by approximately 50% of the domestic production capacity combined with the most recent monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends. The AISI production report “AIS 7,” published monthly and available by subscription, provides a more detailed summary of steel production based on data supplied by companies representing 75% of US production capacity.
By Becca Moczygemba, Becca@SteelMarketUpdate.com
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/becca-moczygemba-150x150.png)
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Longs pricing trends diverge in North, South America
Most longs prices in the US were unchanged this month, except for rebar, which declined by $1.50/cwt ($30/short ton) m/m. While end-use demand is stable, inventories are well-stocked, keeping purchases limited. Domestic availability is sufficient to meet current demand, hindering the appetite for imported material. Meanwhile, prices for scrap remained under pressure in June, with […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor cuts plate prices by $125/ton, cites ongoing competition
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its August order book.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor cuts HR price for fourth straight week
Nucor lowered its consumer spot price (CSP) for hot-rolled (HR) coil by another $10 per short ton (st) for the first week of July. The steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670/st for all of its sheet mills with the exception of California Steel Industries (CSI).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Cliffs_logo2.2.png)
Cliffs sets $720/ton HR price with opening of August books
Cleveland-Cliffs on Tuesday announced its monthly hot-rolled (HR) coil price of $720 per short ton (st) with the official opening of its August order book. The rate is down from last month’s price of $800/st.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Demand weakness continues to weigh on global sheet markets
Demand has remained persistently weak across the globe for sheet steel, weighing on prices. US HR coil prices fell the furthest this week as high-volume, low-priced deals were transacted as mills looked to fill order books and competed with one another amid relative demand weakness. Meanwhile, European prices were also down due to low demand […]