Steel Products
AISI: Raw Steel Output Falls, South Sees Large Decline
Written by Becca Moczygemba
September 5, 2023
Domestic raw steel production was slightly down last week as the South showed the largest regional decline, according to data released by the American Iron and Steel Institute (AISI) on Monday, Sept 5.
Domestic steel output dropped to 1,729,000 for the week ended Sept. 2. That’s down 0.2% from 1,733,000 tons the previous week. Production is 1.2% higher than it was in the same period one year ago when domestic output was 1,709,000 tons.
The mill capability utilization rate for the week was 76.0%, down from 76.2% the week prior. Utilization was also down from one year ago when the utilization rate stood at 77.5%.
Adjusted year-to-date production through Sept. 2 was 59,844,000 tons with a capability utilization rate of 76%. That is down 1.8% from the 60,948,000 tons during the same time frame last year, when the capability utilization rate was 79.7%, AISI said.
Production by region for the week ending Sept. 2 is below, with the South showing the steepest drop. (Note: Changes from the prior week are in parentheses.)
- Northeast – 135,000 tons (up 5,000 tons)
- Great Lakes – 560,000 tons (up 6,000 tons)
- Midwest – 234,000 tons (up 10,000 tons)
- South – 731,000 tons (down 23,000 tons)
- West – 69,000 tons (down 2,000 tons)
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products
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.
Beige Book: US markets remain cautious amidst volatile pricing environment
Sluggish economic activity across the US was largely attributed to uncertainty caused by tariff policies and growing cost pressures, according to the US Federal Reserve’s (The Fed) latest Beige Book report. The Fed’s latest economic report, posted on Sept. 3, consists of economic findings from the six weeks preceding Aug. 25 throughout 12 districts. Economic […]