Steel Products Prices North America

AISI: Raw Steel Output Up for Third Straight Week
Written by Becca Moczygemba
July 31, 2023
US raw steel production inched up for a third consecutive week, according to data released by the American Iron and Steel Institute (AISI) on Monday, July 31.
Steel production in the US increased to 1,749,000 net tons for the week ended July 29, up 0.5% from 1,741,000 net tons the previous week. US production is 1.6% higher than it was during the same time one year prior when it was 1,721,000 net tons.
Domestic mill capability utilization rate was 76.9% last week, up slightly from 76.6% the previous week. Utilization was down from 78.1% in the same period in 2022.
Adjusted year-to-date production through July 29 was 51,111,000 tons at a capability utilization rate of 75.8%. That is down 2.4% from 52,362,000 tons from the same period one year ago when the capability utilization rate stood at 80%, AISI said.
Production by region for the week ending July 29 is below. (Note: week-over-week changes are in parentheses.)
- Northeast – 134,000 tons (down 3,000 tons)
- Great Lakes – 552,000 tons (up 22,000 tons)
- Midwest – 219,000 tons (down 3,000 tons)
- South – 782,000 tons (down 3,000 tons)
- West – 62,000 tons (down 5,000 tons)
By Becca Moczygemba, becca@steelmarketupdate.com

Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products Prices North America

SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.

Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.

Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.

Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.

HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.