Steel Products Prices North America

Raw Steel Output Down 1%: AISI
Written by Becca Moczygemba
July 5, 2023
Raw steel production by US mills dropped last week after two consecutive weekly increases, according to data released by the American Iron and Steel Institute (AISI) on Wednesday, July 5.
Domestic production stood at 1,740,000 net tons during the week ended July 1, down 1% from 1,758,000 tons the previous week. Production is up 0.3% from the same period last year when output was 1,735,000 tons.
The mill capability utilization rate was 77.3% last week, down from 78.1% a week earlier. Usage is also down from the same week of 2022 when the rate was 79.4%.
AISI said that adjusted year-to-date production through July 1 was 44,194,000 tons at a capability utilization rate of 75.8%. This is down 2.8% from the year-ago period when 45,478,000 tons were produced with an overall capability utilization rate of 80.3%.
Production by region for the week ending July 1 is below. (Note: week-over-week changes are in parentheses.)
- Northeast – 137,000 tons (down 3,000 tons)
- Great Lakes – 563,000 tons (down 8,000 tons)
- Midwest – 215,000 tons (down 1,000 tons)
- South – 758,000 tons (down 8,000 tons)
- West – 67,000 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 Becca Moczygemba, becca@steelmarketupdate.com

Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products Prices North America

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.

HRC vs. busheling spread narrows in August
The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.

SMU Price Ranges: Market drifts lower still
All five of SMU's steel sheet and plate price indices declined this week, falling to lows last seen in February.

Discontentment brews in plate market with flat, status-quo pricing
Sources in the carbon and alloy steel plate market said they are less discouraged by market uncertainty resulting from tariffs or foreign relations, but are instead, eager to see disruption to the flat pricing environment.

Nucor lowers HR coil spot price by $15/ton
Nucor has implemented a double-digit price decrease on spot hot-rolled (HR) coil for the second consecutive week.