Trade Cases
Raw Steel Production Edges Up 0.9%: AISI
Written by David Schollaert
June 26, 2023
Raw steel production by US mills moved higher again last week, gaining ground for the second straight week, according to data released by the American Iron and Steel Institute (AISI) on Monday, June 26.
Domestic production stood at 1,758,000 net tons during the week ended June 24, up 0.9% from 1,743,000 tons the previous week. Production is up 1.2% from the same period last year, when output was 1,738,000 tons.
The mill capability utilization rate was 78.1% last week, up from 77.5% a week earlier. Usage is down, however, from the same week of 2022 when the rate was 79.6%.
AISI said that adjusted year-to-date production through June 24 was 42,486,000 tons at a capability utilization rate of 75.8%. This is down 2.9% from the year-ago period when 43,743,000 tons were produced with an overall capability utilization rate of 80.3%.
Production by region for the week ending June 24 is below. (Note: week-over-week changes are in parentheses.)
- Northeast – 140,000 tons (down 2,000 tons)
- Great Lakes – 571,000 tons (up 7,000 tons)
- Midwest – 216,000 tons (up 2,000 tons)
- South – 766,000 tons (up 6,000 tons)
- West – 65,000 tons (up 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 David Schollaert, david@steelmarketupdate.com
David Schollaert
Read more from David SchollaertLatest in Trade Cases
US and Canada expect positive outcomes from tariff negotiations
Canadian Prime Minister Mark Carney and US President Donald Trump told reporters at the White House on Tuesday that they’ll be formulating a trade deal that works for both nations.
Leibowitz: When the shutdown should end
There is no doubt that the current government shutdown reflects the vast divisions between the extremes of American politics, society, and even geography. Almost all Americans agree that government is necessary, but voters disagree...
Price: The U.S. Steel shutdown that wasn’t and a call to stop ‘valuation cheating’
How can the U.S. government block U.S. Steel’s Granite City rolling mill closure without harming other American steelmakers? Reducing imports should be the first step. Foreign producers continue to aggressively target the U.S. market, especially now as they find themselves displaced by Chinese exports.
US steel industry applauds ITC final determination in coated trade case
Domestic mills praised the US International Trade Commission’s (ITC's) final determination that imports of corrosion-resistant (CORE) steel from 10 countries pose a threat to them.
ITC’s final ruling: Dumped, subsidized CORE imports are harming domestic market
The US International Trade Commission (ITC) finds that corrosion resistant steel (CORE) imports from 10 countries have caused material damage to domestic product producers, according to the ITC’s statement.