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

SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.

Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.

Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.

Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.

HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.