Steel Product Producers
Raw Steel Down in First Week of October: AISI
Written by Becca Moczygemba
October 9, 2023
US raw steel production dropped for the week ending Oct. 7, according to data released by the American Iron and Steel Institute (AISI) on Monday, Oct. 9.
Domestic steel production fell 1.4% to 1,698,000 tons from 1,722,000 tons the week prior. Compared to the same period one year ago, production was up 3.3% when 1,644,000 tons were produced.
The mill capability utilization rate for the week was 74.7% compared to 75.7% a week earlier. During the same period in 2022, the mill capability utilization rate was 73.7%.
Adjusted year-to-date production through Oct. 7 was 68,468,000 tons, at a capability utilization rate of 75.9%. That was down 1.2% from the 69,327,000 tons during the same period one year ago when the capability utilization rate was 78.8%.
- Northeast – 132,000 (down 2,000 tons)
- Great Lakes – 558,000 (down 10,000 tons)
- Midwest – 204,000 (down 2,000 tons)
- South – 738,000 (down 8,000 tons)
- West – 66,000 (down 2,000 tons)
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Product Producers
American Heavy Plates to expand Ohio processing operations
American Heavy Plates is planning an expansion of its processing operations in Ohio.
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.
March sees surge in HVAC equipment shipments
Shipments of heating and cooling equipment jumped in March, the second month in a row we have seen a significant increase, according to the latest data released from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).