Steel Products
AISI: Raw Steel Production Sees Large Drop in South
Written by Becca Moczygemba
August 7, 2023
US raw steel production declined last week, with a significant drop seen in the South, according to data released by the American Iron and Steel Institute (AISI) on Monday, August 7.
Domestic steel production decreased to 1,727,000 net tons for the week ended August 5, down 1.3% from the previous week when production was 1,749,000 tons. Production is higher than it was one year ago, however, when US output was 1,720,000 tons.
The mill capability utilization rate was 75.9% for the week, down from 76.9% the week prior. Utilization was also down from 78% in the same week of 2022.
Adjusted year-to-date production through August 5 was 52,870,000 tons at a capability utilization rate of 75.9%. That is down 2.2% from the same time frame one year ago when the utilization rate was 79.9%, AISI said.
Production by region for the week ending August 5 is below. (Note: Changes from the prior week are in parentheses.)
- Northeast – 133,000 tons (down 1,000 tons)
- Great Lakes – 549,000 tons (down 3,000 tons)
- Midwest – 225,000 tons (up 6,000 tons)
- South – 752,000 tons (down 30,000 tons)
- West – 68,000 tons (up 6,000 tons)
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products
Tariffs, ample domestic supply cause importers to shift or cancel HR import orders
Subdued demand is causing importers to cancel hot-rolled (HR) coil orders and renegotiate the terms of shipments currently enroute to the US, importers say. An executive for a large overseas mill said customers might find it difficult to justify making imports buys after US President Donald Trump doubled the 25% Section 232 tariff on imported steel […]
Drilling activity slows in the US, grows in Canada
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US totals slipped for a sixth straight week, while Canada saw a slight bump in activity.
Commerce finds no Korean OCTG shipments below market value
US Department of Commerce (Commerce) review found no South Korean oil country tubular goods (OCTG) exporters or producers sold products below market value
Drilling activity slows further in US and Canada
Oil and gas drilling activity declined again this week in both the US and Canada, according to Baker Hughes.
SMU Community Chat: Zekelman calls for more support for steel consumers
“Unless the administration actually gets serious about levelling the playing field… for consumers of steel, then everything they've done on the steel side is useless."