Steel Products
Weekly Raw Steel Production Up Again: AISI
Written by David Schollaert
January 30, 2023
Raw steel production by US mills rose for a third straight week and surpassed the 73% utilization mark for the first time since the first week of December 2022, according to data released by the American Iron and Steel Institute (AISI) on Tuesday, Jan. 30.
The increase pushed capacity utilization up to 73.1%, driven by increases in tons in all regions except the Midwest. This is up from the prior week’s 72.5%, but down from 79.8% a year ago.
Domestic mills produced 1,635,000 net tons in the week ending Jan. 28, up 0.9%, or 15,000 tons, from the previous week, but down 5.8% from 1,735,000 tons in the same week last year.
Adjusted year-to-date (YTD) production through Jan. 28 was at 6,452,000 tons, with YTD capacity utilization at 72.1%. That’s 7% below the 6,941,000 tons in the same YTD period in 2022 when capacity utilization was 79.8%, AISI said.
Production by region for the week ending Jan. 28 is below. (Note: week-over-week change is in parentheses.)
- Northeast, 130,000 tons (up 3,000 tons)
- Great Lakes, 544,000 tons (up 20,000 tons)
- Midwest, 201,000 tons (down 1,000 tons)
- South, 690,000 tons (up 9,000 tons)
- West, 70,000 tons (up, 2,000 tons)
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 David Schollaert, david@steelmarketupdate.com

David Schollaert
Read more from David SchollaertLatest in Steel Products

Wittbecker on Aluminum: When do the tariffs reach Main Street?
Containers sailing from China in April are down 15%-20% and Hapag Lloyd says their future bookings transpacific are down 30%.

SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]

US, offshore CRC prices edge lower
US cold-rolled (CR) coil prices edged lower again this week, slipping four weeks in a row now. Most offshore markets mirrored the move, ticking down marginally as well.

ISM: Manufacturing growth down again in April
Activity had trended up for most of Q1

EU HR prices gain ground on US, Asian HR still well behind
Section 232 returned on March 12, and since then, the price gap between offshore and US hot band has tightened.