Steel Products
AISI: Raw Steel Production Shifts Down
Written by Becca Moczygemba
October 2, 2023
US raw steel output took a downward turn during the week ending Sept. 30, according to data released by the American Iron and Steel Institute (AISI) on Monday, Oct. 2.
Steel production dropped 0.7% week-on-week to 1,722,000 tons from the previous week’s 1,735,000 tons. At the same time, production was up 2.3% from the same period in 2022 when production was 1,684,000 tons.
The mill capability utilization rate for the week was 75.7% vs. 76.3% the week before. The mill capability utilization rate for the same period one year prior was 76.4%
Weekly production by region, with the change from the previous week, is shown below:
- Northeast – 134,000 (up 8,000 tons)
- Great Lakes – 568,000 (down 7,000 tons)
- Midwest – 206,000 (down 14,000 tons)
- South – 746,000 (up 2,000 tons)
- West – 68,000 (down 2,000 tons)
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/10/RawSteel_093023-1024x627.png)
Adjusted year-to-date production through Sept. 30 was 66,770,000 tons, with an overall mill capability utilization rate of 76%. That is a 1.3% decrease from the 67,683,000 tons produced during the same time last year when the capability utilization rate was 79.4%
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/becca-moczygemba-150x150.png)
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/oil_drill.png)
Active rig count update through mid-May
Drilling activity ticked up in the US but declined in Canada during the week ended May 17, according to the latest release from Baker Hughes.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2024/05/tyasa.png)
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.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/white_house.png)
Biden hikes tariffs on Chinese goods, including steel and aluminum
The Biden administration announced a series of actions on Tuesday targeting China’s "unfair" trade policies. These actions will, among other things, make imports of steel and aluminum from the Asian nation even more prohibitive.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
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.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2024/05/SMU_CR_ForeignVs.Domestic_2024-0510_Thumbnail.png)
US CR tags ease, premium over imports still high
Offshore cold-rolled (CR) coil prices remain much less expensive than domestic product, even as domestic prices have slipped to a six-month low, according to SMU’s latest check of the market.