Steel Products Prices North America
AISI: Raw Steel Output Inches Back Up
Written by Becca Moczygemba
June 20, 2023
Raw steel production by US mills rose last week, increasing from the previous week’s drop, according to data released by the American Iron and Steel Institute (AISI) on Tuesday, June 20.
Domestic production stood at 1,743,000 net tons during the week ended June 17, up 0.2% from 1,739,000 tons the previous week. Production is up 0.3% from the same period last year, when output was 1,738,000 tons.
The mill capability utilization rate was 77.5% last week, up from 77.3% a week earlier. Usage is down, however, from the same week of 2022 when the utilization rate was 79.6%.
AISI said that adjusted year-to-date production through June 17 was 40,728,000 tons at a capability utilization rate of 75.7%. This is down 3% from the year-ago period when 42,006,000 tons were produced with an overall capability utilization rate of 80.3%.
Production by region for the week ending June 17 is below. (Note: week-over-week changes are in parentheses.)
- Northeast – 142,000 tons (up 5,000 tons)
- Great Lakes – 564,000 tons (up 4,000 tons)
- Midwest – 214,000 tons (up 3,000 tons)
- South – 760,000 tons (down 6,000 tons)
- West – 63,000 tons (down 2,000 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
CRU: Falling steel prices limit demand for imports into US
The recent decline in US hot-rolled (HR) coil and longs prices has further restricted demand for imported material. Despite the decline in US sheet prices, CR coil and HDG imports remain attractive. While demand for imports of longs products has been limited, buyers have increased imports of wire products to avoid wire rods’ higher tariffs. […]
Galvanized prices maintain big premium over HR
Prices for hot-rolled (HR) coil in recent weeks have been declining faster than those for galvanized sheet, resulting in a growing price spread between the two steel products.
SMU price ranges: Sheet down broadly, HR $35/t lower
Sheet prices fell across the board this week – largely in response to Nucor’s $65-per-short-ton price cut for hot-rolled (HR) coil on Monday morning. SMU’s HR coil price is $780/st on average, a $35/st decrease week over week (w/w). Our average cold-rolled coil price is $1,090/st (down $30/st w/w). Our galvanized base price is $1,100/st […]
Nucor surprises with $65/ton price drop for HRC
Nucor started off May with a bang, dropping its weekly base spot price for hot-rolled (HR) coil by $65 per short ton (st) this week.
Nucor drops weekly HR coil price by $10/ton
Nucor lowered its weekly base spot price for hot-rolled (HR) coil by $10 per short ton (st) this week.