Steel Products
AISI: Raw Steel Output Falls For Third Week
Written by Becca Moczygemba
September 11, 2023
Domestic steel production declined for the week ending Sept. 9, the third consecutive drop, according to data released by the American Iron and Steel Institute (AISI) on Monday, Sept. 11.
Raw steel production fell to 1,721,000 tons, down 0.5% from the previous week’s 1,729,000 tons, AISI said. However, production is 2.2% higher than it was one year ago when domestic output was 1,684,000 tons.
The mill capability utilization rate for the week was 75.7%, down from 76% the week prior. Utilization was also down from one year ago when the utilization rate stood at 76.4%.
AISI said adjusted year-to-date production through Sept. 9 was 61,565,000 tons with a capability utilization rate of 76%. That’s down 1.7% from the same period one year ago when production was 62,632,000 tons with a capability utilization rate of 79.4%.
Production by region for the week ending Sept. 9 is below. (Note: Changes from the prior week are in parentheses.)
- Northeast – 132,000 tons (down 3,000 tons)
- Great Lakes – 555,000 tons (down 5,000 tons)
- Midwest – 219,000 tons (down 15,000 tons)
- South – 744,000 tons (up 13,000 tons)
- West – 71,000 tons (up 2,000 tons)
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products
Active rig counts slipped in US, Canada
Drilling activity slowed in the US and Canada last week, according to the latest oil and gas rig count data released by Baker Hughes.
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 […]