Steel Products Prices North America

Raw Steel Production Moves Higher: AISI
Written by David Schollaert
May 30, 2023
Raw steel production by US mills edged up again last week, moving higher for the third straight week, according to data released by the American Iron and Steel Institute (AISI) on Tuesday, May 30.
Domestic production stood at 1,737,000 net tons in the week ended May 27 vs. 1,728,000 tons the previous week, and the highest total since the week ended Aug. 27, 2022. Output was still off 1.9% from 1,771,000 tons in the same week last year.
The mill capability utilization rate was 77.2% last week, up from 76.8% a week earlier and the highest rate since early September 2022. Despite the boost, the measure was still down from 81.1% in the same week last year.
AISI said that adjusted year-to-date production through May 27 was 35,352,000 tons at a capability utilization rate of 75.1%. This is down 3.9% from the year-ago period when 36,774,000 tons were produced with an overall capability utilization rate of 80.5%.
Production by region for the week ending May 27 is below. (Note: week-over-week change is in parentheses.)
- Northeast – 143,000 tons (down 4,000 tons)
- Great Lakes – 558,000 tons (down 8,000 tons)
- Midwest – 223,000 tons (up 11,000 tons)
- South – 744,000 tons (up 16,000 tons)
- West – 59,000 tons (down 6,000 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 David Schollaert, david@steelmarketupdate.com

David Schollaert
Read more from David SchollaertLatest 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.