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, email@example.com
Becca MoczygembaRead more from Becca Moczygemba
Latest in Steel Products Prices North America
SMU Price Ranges: Sheet Declines Moderate – Meaning or Noise?
Hot-rolled coil prices were down again this week, continuing a streak of week-over-week (WoW) declines that began in early/mid-July.
SMU Price Ranges: Sheet Slips Again on Strike, But Is a Bottom in Sight?
Sheet prices slipped again this week on news of the United Auto Workers (UAW) strike and continued caution among some consumers.
HRC vs. Galv Price Spread Widened This Summer
The spread between hot-rolled coil (HRC) and galvanized sheet base prices widened throughout the summer as hot rolled prices declined faster than those of galvanized.
SMU Price Ranges: Sheet Slips Again on UAW Strike Fears
Sheet prices fell across the board ahead of what many market participants predict will be a strike by the United Auto Workers (UAW) later this week.
Nucor Lowers Plate Prices by $40/t
Nucor Corp. will lower plate prices by $40 per ton ($2 per cwt) with the opening of its October order book.