Market Segment
February 13, 2023
Written by David Schollaert
Raw steel production by US mills continued its rally, increasing for a fifth straight week, according to data released by the American Iron and Steel Institute (AISI) on Tuesday, Feb. 13.
The increase pushed capacity utilization up to 74.4%, driven by increases in tons in the South and Northeast regions. This is up from the prior week’s 74.1%, but down from 80.8% a year ago.
Domestic raw steel output declined last week, after seeing continued swings over the past several weeks, according to the latest American Iron and Steel Institute (AISI) figures.
CRU Research Principal speaks about the implication of Mesabi Metallics' proposed steel mill in Iowa.
Nucor's consumer spot price for hot-rolled increased by $10/st w/w on Monday, Oct. 5 to $1,230 per short ton.
SSAB Americas aims to increase base plate prices by at least $60 per short ton (st), according to a letter sent to customers on Monday.
Members of the Global Forum on Steel Excess Capacity (GFSEC) met in Wisconsin last week and unveiled an updated plan to combat market-distorting excess capacity. The Milwaukee Framework adds color to the 2017 “Berlin Principles.” It is also a positive step in the ongoing battle against global steel market distortions. However, the Framework is only a guidepost. It must be implemented correctly to make an impact as new problems loom.