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
Cliffs talks DOE funding, blast furnace relining schedule
The future of two projects supported in part by funding through the Department of Energy remains uncertain.
Cleveland-Cliffs open to asset sales
Meanwhile, its Canadian operations have been hurt by the broader tariffs proposed by the United States.
Klöckner narrows Q1 loss, targets growth in North America and Europe
Germany’s Klöckner & Co. reported a narrower loss in the first quarter as the company targets becoming the “leading” service center and metal processing firm in North America and Europe by 2030.
As Q1 loss balloons, Cliffs pledges to cut costs, streamline operations
Cleveland-Cliffs Inc. gushed red ink in the first quarter, and pledged to stem the bleeding by idling inefficient, “loss-making operations” and increasing focus on its core automotive business.
Ternium’s Vedoya named AIST’s Steelmaker of the Year
Maximo Vedoya was awarded in recognition of Ternium’s expansion project in Pesquería, Mexico, and Ternium’s efforts to decarbonize steelmaking.