Prices

AISI: Raw Steel Production Increases Again
Written by Becca Moczygemba
July 24, 2023
US raw steel production rose a second consecutive week, according to data released by the American Iron and Steel Institute (AISI) on Monday, July 24.
Steel production in the US rose to 1,741,000 net tons for the week ended July 22, up 1.5% from 1,716,000 the previous week. Domestic production is also up 1.2% year-over-year from 1,721,000 net tons in the same week of 2022.
Domestic mill capability utilization rate was 76.6% last week, up from 75.5% the previous week. Utilization was down year over year from 78.1% compared to the same period in 2022.
Adjusted year-to-date production through July 22 was 49,362,000 tons at a capability utilization rate of 75.8%. That is down 2.5% from 50,641,000 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 22 is below. (Note: week-over-week changes are in parentheses.)
- Northeast – 137,000 tons (up 8,000 tons)
- Great Lakes – 530,000 tons (down 5,000 tons)
- Midwest – 222,000 tons (up 8,000 tons)
- South – 785,000 tons (up 17,000 tons)
- West – 67,000 tons (down 3,000 tons)

By Becca Moczygemba, becca@steelmarketupdate.com
Becca Moczygemba
Read more from Becca MoczygembaLatest in Prices
Price gap between US HRC, most imports narrows slightly
In dollar-per-ton terms, US product is on average $141/st less than landed import prices (inclusive of the 50% tariff). That’s down from $148/st last week.
SMU price ranges: Sheet ticks higher, plate stable
Sheet steel indices increased across the board this week, while plate prices held steady. All five of SMU’s price indices are higher than they were two weeks ago, and all but one are above levels recorded four weeks ago.
Nucor lifts HR spot price by $10/ton
Nucor has raised its weekly spot list price on hot-rolled coil by $10 per short ton (st) after keeping it unchanged since Aug. 25.
Atlas Tube up $50/ton following NLMK USA sheet price hike
Atlas Tube, in a leading move, said it aims to increase prices for mechanical tubing, hollow structural sections (HSS), and piling products by at least $50 per short ton (st).
Pig iron market quiet as US mills aim to outwait Brazilian suppliers
US buyers want to drop pig iron prices to levels commensurate with the decline in prime scrap in their domestic market. Prime price shed $20 per gross ton (gt) in September and another $20/gt in October.
