Steel Products
AISI: Raw Steel Output Up for Third Straight Week
Written by Becca Moczygemba
July 31, 2023
US raw steel production inched up for a third consecutive week, according to data released by the American Iron and Steel Institute (AISI) on Monday, July 31.
Steel production in the US increased to 1,749,000 net tons for the week ended July 29, up 0.5% from 1,741,000 net tons the previous week. US production is 1.6% higher than it was during the same time one year prior when it was 1,721,000 net tons.
Domestic mill capability utilization rate was 76.9% last week, up slightly from 76.6% the previous week. Utilization was down from 78.1% in the same period in 2022.
Adjusted year-to-date production through July 29 was 51,111,000 tons at a capability utilization rate of 75.8%. That is down 2.4% from 52,362,000 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 29 is below. (Note: week-over-week changes are in parentheses.)
- Northeast – 134,000 tons (down 3,000 tons)
- Great Lakes – 552,000 tons (up 22,000 tons)
- Midwest – 219,000 tons (down 3,000 tons)
- South – 782,000 tons (down 3,000 tons)
- West – 62,000 tons (down 5,000 tons)
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products
OCTG producers in Canada take aim at Mexico, US, others
Evraz NA and Welded Tube of Canada have lodged an unfair trade complaint against imports of OCTG, including those from USMCA trading partners Mexico and the US.
Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]
Steel buyer spirits tempered by soft spot market conditions
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.