Steel Mills
Raw Steel Production Edges Up Again: AISI
Written by David Schollaert
August 22, 2023
Domestic raw steel production saw another upward bump last week, according to data released by the American Iron and Steel Institute (AISI) on Monday, Aug. 21.
Steel production in the US increased to 1,756,000 net tons for the week ended Aug. 19, up 1.1% from the previous week when production was 1,737,000 tons. Production is 2.2% higher than it was one year ago when US output was 1,719,000 tons.
The mill capability utilization rate was 77.2% for the week, up from the prior week’s 76.4% rate. Utilization was down, however, from 78.0% in the same week of 2022.
Adjusted year-to-date production through Aug. 19 was 56,363,000 tons with mills operating at an overall capability utilization rate of 75.9%. That is down 2.0% from the same time frame one year ago when the utilization rate was 79.7%, AISI said.
Production by region for the week ending Aug. 19 is below. (Note: Changes from the prior week are in parentheses.)
- Northeast – 127,000 tons (down 5,000 tons)
- Great Lakes – 578,000 tons (up 10,000 tons)
- Midwest – 222,000 tons (up 5,000 tons)
- South – 761,000 tons (up 12,000 tons)
- West – 68,000 tons (down 3,000 tons)
David Schollaert
Read more from David SchollaertLatest in Steel Mills
Mexico’s TYASA breaks ground on SBQ rolling mill
Mexican steelmaker Talleres y Aceros (TYASA) broke ground this month on the construction of a new special bar quality (SBQ) rolling mill in the state of Veracruz.
Goncalves sees more US trade actions ahead, says Nippon deal for USS has ‘zero chance’
Cleveland-Cliffs’ Lourenco Goncalves thinks trade measures announced by the US government on Tuesday against China were just the opening salvo in a series of trade actions. Case in point: The Biden administration targeted China’s “unfair” trade policies with additional tariffs on an array of Chinese-made goods - including steel, aluminum, and EVs.
Nucor holds weekly HRC price steady after last week’s cut
Nucor chose to hold its consumer spot price (CSP) for hot-rolled (HR) coil steady this week after stunning the market last week with a significant price decline. The steelmaker said in a letter to customers on Monday morning that its $760-per-short-ton (st) CSP base price for HR coil is effective immediately. The price is unchanged from the CSP announced on May 6 but down $65/st from $825/st April 29.
Nucor’s Jellison set to retire, Spicer tapped for EVP role
Nucor said EVP Douglas J. Jellison plans to retire on June 8 after more than 33 years with the company. Randy J. Spicer will be promoted to EVP effective May 12.
Republican Senators demand Biden block USS sale to Nippon
Three vocal Republican senators are demanding that President Joe Biden block the sale of U.S. Steel to Japan’s Nippon Steel.