Steel Products Prices North America

Weekly Raw Steel Production Rises Again
Written by Becca Moczygemba
May 1, 2023
Raw steel production by US mills inched up again last week, rising 0.9% from the week before and moving higher for a fourth consecutive week, according to data released by the American Iron and Steel Institute (AISI) on Monday, May 1.
Domestic steel production stood at 1,716,000 net tons during the week ended April 29 vs. 1,700,000 tons the previous week. Production was 4% lower than the same week of 2022 when 1,788,000 tons were produced.
The overall mill capability utilization rate was 76.3% last week, up from 75.6% a week earlier but down from 81.9% in the same week last year.
AISI said that adjusted year-to-date production through April 29 was 28,386,000 tons at a capability utilization rate of 74.6%. This is down 4.4% from the year-ago period when 29,687,000 tons were produced with an overall capability utilization rate of 80.3%.
Weekly output was higher in all regions except for the Northeast. Regional production for the week ending April 29 is shown below with week-over-week changes noted in parentheses:
- Northeast – 147,000 tons (down 4,000 tons)
- Great Lakes – 575,000 tons (up 4,000 tons)
- Midwest – 220,000 tons (up 4,000 tons)
- South – 707,000 tons (up 7,000 tons)
- West – 67,000 tons (up 5,000 tons)
Note: The raw steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnages 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

Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products Prices North America

Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.

SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.

SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.

Nucor spot HR list price unchanged at $875/ton
Nucor kept its weekly list price for hot-rolled (HR) coil unchanged this week, following a price bump of $10 per short ton (st) last week.

SMU price ranges: Flat-rolled balloon continues to leak
Sheet and plate prices were flat or lower again this week on continued concerns about demand and higher production rates among US mills.