Steel Products
AISI: Raw Steel Output Sees a Small Boost
Written by Becca Moczygemba
July 18, 2023
Raw steel production in the US inched up last week after dropping for two consecutive weeks, according to data released on Monday, July 17, by the American Iron and Steel Institute (AISI).
Steel production in the US rose to 1,716,000 net tons for the week ended July 15, up 0.3% from 1,711,000 the previous week. Domestic production is down 0.3% year-over-year from 1,721,000 net tons in the same week of 2022.
Domestic mill capability utilization rate was 75.5% last week, up from 75.2% the previous week. Utilization was down year over year from 78.1% from the same period one year prior.
The adjusted year-to-date production through July 15 was 47,621,000 tons at a capability utilization rate of 75.8%. That is down 2.7% from 48,920,000 tons from the same period one year ago when the capability utilization rate stood at 80%, AISI said.
Production by region for the week ending July 15 is below. (Note: week-over-week changes are in parentheses.)
- Northeast – 129,000 tons (down 6,000 tons)
- Great Lakes – 535,000 tons (down 18,000 tons)
- Midwest – 214,000 tons (up 6,000 tons)
- South – 768,000 tons (up 18,000 tons)
- West – 70,000 tons (up 5,000 tons)
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products
September energy market update
In this Premium analysis we examine North American oil and natural gas prices, drill rig activity, and crude oil stock levels through September. Trends in energy prices and rig counts serve as leading indicators for oil country tubular goods (OCTG) and line pipe demand.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
U.S. Steel to halt slab conversion at Granite City Works
U.S. Steel said it plans to reduce slab consumption at its Granite City Works near St. Louis, a company spokesperson said on Monday. The Pittsburgh-based steelmaker will shift the production and processing of steel slabs to its Mon Valley Works near Pittsburgh and its Gary Works near Chicago. Citing a United Steelworkers (USW) union memo, […]
SMU Week in Review: September 1-5
Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on.
HR Futures: Market finds footing on supply-side mechanics
As Labor Day marks the transition into fall, the steel market enters September with a similar sense of change. Supply-side fundamentals are beginning to show signs of restraint: imports are limited, outages loom, and production is capped, setting the stage for a market that feels steady on the surface but still unsettled underneath.