Features
AISI: Raw steel production eases further
Written by Brett Linton
June 17, 2024
Domestic raw steel production fell to a seven-week low last week, according to the latest release by the American Iron and Steel Institute (AISI).
Total US steel mill output is estimated to have been 1,704,000 short tons (st) in the week ending June 15, down 12,000 st, or 0.7%, from the week prior. Raw production this week is 0.6% lower than the year-to-date weekly average of 1,715,000 st. Last week’s production is down 2.0% compared to the same week one year ago when production totaled 1,738,000 st.
The mill capability utilization rate was 76.7% last week. This rate is lower than the 77.3% rate recorded both one week prior and this time last year.
Year-to-date production stands at 40,494,000 st at a capability utilization rate of 76.4%. Annual production is down 2.8% from the same time frame last year, when 41,641,000 st were produced at a capability utilization rate of 77.8%.
Weekly production by region is shown below, with the weekly changes noted in parentheses:
- Northeast – 125,000 st (down 4,000 st)
- Great Lakes – 554,000 st (up 12,000 st)
- Midwest – 206,000 st (down 3,000 st)
- South – 758,000 st (down 12,000 st)
- West – 61,000 st (down 5,000 st)
Editor’s note: The raw steel production tonnage provided in this report is estimated. It should be used primarily to assess production trends. The monthly AISI “AIS 7” report is available by subscription and provides a more detailed summary of domestic steel production.
Brett Linton
Read more from Brett LintonLatest in Features
U.S. Steel says OCTG duty adjustment is too low
A newly adjusted anti-dumping duty on imports of oil country tubular goods (OCTG) from Argentina is too low, according to U.S. Steel. This past week, the Department of Commerce released the preliminary results of annual AD duty order reviews on OCTG from both Argentina and Mexico. It is reviewing imports during the one-year period that […]
US rig count rises, Canada count falls
The US drill rig count increased by seven this week, while the Canadian count dropped by 11, according to the latest data from Baker Hughes.
Canada sees Chinese steel, ali imports falling ~50% on tariffs
The Canadian government estimates steel and aluminum imports from China will decrease by nearly 50% due to newly implemented tariffs.
SMU Survey: Current Sentiment Index slides, Future Sentiment steady
SMU’s Current Steel Buyers’ Sentiment Index slipped this week, while Future Sentiment remained flat, according to our most recent survey data.
CRU: Trump tariff threat signals early start to trade negotiations
The president-elect has wasted no time in using the threat of tariffs to reopen negotiations and, ideally, score other political wins along the way.