Steel Products
Steel shipments bounce back in October
Written by Becca Moczygemba
December 6, 2023
American steel mills sent out more tons of steel in October than the previous month, according to the latest monthly data from the American Iron and Steel Institute (AISI).
Domestic mills shipped 7,346,373 net tons in October, up 1.3% from the 7,252,942 tons sent out in September. Shipments were also up 1.9% compared to the 7,210,301 tons shipped in October 2022.
Year-to-date (YTD) shipments through October totaled 74,129,374 tons, down 2% compared to 75,675,222 tons shipped during the same period last year.
Comparing YTD shipments in 2023 to the first ten months of 2022 shows the following changes: hot-rolled sheet, up 8 %; cold-rolled sheet, unchanged, and corrosion-resistant sheet, down 2%.
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products
US and Canadian rig counts stabilize
US counts continue to hover just above historic lows, while Canadian figures remain comparatively healthy.
Plate market sources critique mill hikes amid current market conditions
Following spot market plate price increase notices issued by domestic mills this past week, participants are contemplating the rationale behind the increases and whether they will stick. Some sources anticipate that current market conditions will shift in November and believe the increases may set a new "pricing floor."
Oregon Steel Mills lifts plate prices by $60/ton
Oregon Steel Mills has joined other producers in announcing a price increase of at least $60 per short ton on steel plate.
CRU: Construction of pilot plant for green steel process starts
Voestalpine and partners have begun building an industrial-scale Hy4Smelt demonstration plant in Linz, Austria, which they hope will become key in the decarbonization of steel.
Rig count increases in the US and in Canada
Oil and gas drilling activity increased this week in the US and Canada for the third consecutive week, according to the latest Baker Hughes rig count data. US counts continue to hover just above historic lows, while Canadian figures remain comparatively healthy.