Raw steel production by US mills expanded again last week, now rising for a third straight week. Utilization rates grew further, reaching its highest mark in 13 weeks. Domestic output totaled 1,784,000 net tons in the week ending April 23, while mill capacity utilization was 81.7, reported the American Iron and Steel Institute. US output […]
Raw steel production by US mills grew last week, expanding for the second straight week. Utilization rates exceeded the 80% mark for the first time in four weeks. Domestic output totaled 1,766,000 net tons in the week ending April 16, while mill capacity utilization was 80.9%, reported the American Iron and Steel Institute. US output […]
The American Iron and Steel Institute (AISI) and the Steel Manufacturers Association (SMA) both praised the White House guidance to federal agencies outlining obligations to procure materials domestically for infrastructure projects. “We appreciate the commitment of the Biden-Harris administration to ensure that all federally-funded infrastructure and public works projects use iron, steel and other products that […]
Total mill shipments of steel products fell for the second straight month in February to 7.655 million tons, a 6.1% decline from January’s 8.153 million tons. Apparent supply also fell in February, down 12.1% versus the prior month, falling repeatedly and unable to maintain the momentum seen during the final quarter of 2021. This analysis is based […]
US apparent steel supply levels slipped 11% from January to February, down 997,000 net tons to 8.37 million tons, according to the latest US Department of Commerce and American Iron and Steel Institute (AISI) data. Recall that just last September, the market saw the highest monthly supply level in over six years (9.92 million tons). […]
Raw steel production by US mills rebounded last week, following repeated declines the prior two weeks. Despite the gain, utilization rates remain below the 80% mark for the third straight week. Domestic output totaled 1,739,000 net tons in the week ending April 9, while mill capacity utilization was 79.7%, the American Iron and Steel Institute […]
Nucor plans to build its $350 million rebar “micro mill” in Lexington, N.C., in response to growth in the Southeast and in anticipation of increased demand from federal infrastructure spending. The new mill is expected to have capacity of 430,00 tons per year. Construction is slated to take roughly two years pending permits and other […]
Raw steel production by US mills slipped further last week, with utilization rates below the 80% mark for the second straight week. Domestic output totaled 1,724,000 net tons in the week ending April 2, while mill capacity utilization was 79.3%, the American Iron and Steel Institute (AIS) reported. US output was virtually unchanged, down just […]
Raw steel production by US mills slipped last week, with utilization rates edging back below the 80% mark. Domestic output totaled 1,726,000 net tons in the week ending March 26, while mill capacity utilization was 79.4%, reported the American Iron and Steel Institute (AISI). US output dipped 0.9% compared to the prior week and was 2.4% […]
Raw steel production by US mills slipped last week, with utilization rates edging back below the 80% mark. Domestic output totaled 1,726,000 net tons in the week ending March 26, while mill capacity utilization was 79.4%, reported the American Iron and Steel Institute (AISI). US output dipped 0.9% compared to the prior week and was 2.4% […]
The U.S.-UK agreement to ease Section 232 tariffs was lauded by some industry groups and union representatives for promoting fair trade. But others questioned whether certain unusual provisions in the deal might cause trouble. And still others said the deal didn’t do enough to remove tariffs from a close U.S. ally. Recall that on Tuesday the United States […]
The U.S. does not have any additional Section 232 negotiations in the pipeline with South Korea, Commerce Secretary Gina Raimondo told Reuters. And domestic steel industry lobbying groups said that talks weren’t happening with Brazil or Argentina either, the other countries subject to a Section 232 quota rather than a 25% tariff. The industry execs […]
Raw steel production by U.S. mills moved back up last week, pushing utilization rates back above the 80% mark. Domestic output totaled 1,742,000 net tons in the week ending March 19, while mill capacity utilization was 80.2%, reported the American Iron and Steel Institute. U.S. output edged up 0.3% compared to the prior week but […]
U.S. apparent steel supply levels slipped 1% from December to January, down 120,000 net tons to 9.36 million tons, according to the latest U.S. Department of Commerce and American Iron and Steel Institute data. Recall that just last September, the market saw the highest monthly supply level in over six years (9.92 million tons). Apparent […]
Raw steel production by U.S. mills edged back down last week, a trend seen six out of the past eight weeks, as mill utilization cycles up and down within a small range. Domestic mills produced a total of 1,737,000 net tons in the week ending March 12, while capacity utilization slipped back down to 79.9%, […]
Steel import permit applications for February totaled 2,274,000 net tons—a 24.5% decrease from the 3,013,000 permit tons recorded in January and a 25.3% decrease from the January final imports total of 3,044,000. Import permit tonnage for finished steel in February was 1,759,000, down 22.8% from the final imports total of 2,279,000 in January, reported the […]
Total mill shipments of steel products fell in January to 8.153 million tons, a 9.4% decline from December’s 8.995 million tons, 2021’s strongest monthly performance. Apparent supply also fell in January, down 7.6% versus the prior month, and unable to keep the upward trajectory seen during the final quarter of 2021. This analysis is based on steel […]
The Biden administration rolled out a new round of trade actions aimed at punishing the Russian government for launching an invasion of Ukraine. Some of those measures have the potential to reach deep into the steel supply chain – including with tariffs of 20% or more on many Russian steel products, according to trade experts and government documents. […]
Steel import permit applications for February totaled 2,274,000 net tons—a 24.5% decrease from the 3,013,000 permit tons recorded in January and a 25.3% decrease from the January final imports total of 3,044,000. Import permit tonnage for finished steel in February was 1,759,000, down 22.8% from the final imports total of 2,279,000 in January, reported the […]
President Biden strengthened “Buy American” provisions for government procurement with his signature Friday on new rules that will increase the threshold for the value of products to be considered American-made from the current 55% to 65% by 2024 and 75% by 2029. Proponents consider this a positive development for manufacturing and job-creation in the U.S., […]
Raw steel production by U.S. mills recovered last week, expanding for just the second time in seven weeks. Domestic mills produced a total of 1,762,000 net tons in the week ending March 5, while mill capacity utilization edged back up to 80.0%, the American Iron and Steel Institute reported. U.S. output was up 0.4% compared […]
Steel Market Update is pleased to share this Premium content with Executive members. For information on upgrading to a Premium-level subscription, email Info@SteelMarketUpdate.com. The value of U.S. steel product shipments was virtually unchanged in January at $12.320 billion or 0.1% above December’s total. Though negligible, the increase follows declines over the prior two months after […]
In comments on Russia’s invasion of Ukraine, industry trade representatives said they expect limited impact on their members in the U.S., while expressing sympathy for Ukrainian citizens. “As we monitor the crisis in Ukraine to address any potential impacts to our industry, the safety of the Ukrainian people remains foremost in our minds,” said Kevin […]
Raw steel production by U.S. mills fell again last week, now down five out of the past six weeks. Domestic mills produced a total of 1,755,000 net tons in the week ending Feb. 26, while mill capacity utilization slipped back down to 79.7%, reported the American Iron and Steel Institute. U.S. output was down 0.5% […]
Raw steel production by U.S. mills edged up last week, the first increase in five weeks. Domestic mills produced a total of 1,764,000 net tons in the week ending Feb. 19, while mill capacity utilization moved back up to 80.1%, reported the American Iron and Steel Institute. U.S. output was up 0.3% compared to the […]
For a fourth straight week, U.S. raw steel production has declined. Domestic mills produced a total of 1,758,000 net tons in the week ending Feb. 12, while mill capacity utilization last week averaged 79.8%, reported the American Iron and Steel Institute. U.S. output was down 1.5% versus the prior week but 1.0% higher than the […]
U.S. apparent steel supply levels slipped 3% from November to December, down 286,000 net tons to 9.48 million net tons, according to the latest U.S. Department of Commerce and American Iron and Steel Institute data. Recall that September 2021 saw the highest monthly supply level in over six years, going back to January 2015 when supply surpassed 10 […]
Total mill shipments of steel products rebounded in December to 8.985 million tons, a 7.8% increase over November’s 8.334 million tons, and the highest monthly total for 2021. Apparent supply saw a 5.0% boost in December, rising for the second straight month following repeated decreases in September and October. This analysis is based on steel mill shipment […]
U.S. raw steel production marginally increased from November to December to 7.83 million net tons, according to recently released American Iron and Steel Institute data. Recall that in August, production reached a 20-month high of 8.29 million tons. December production was up 691,000 tons or 10% compared to the same month last year. Note that […]
Raw steel production by domestic mills fell for the third consecutive week, totaling 1,785,000 net tons in the week ending Feb. 5, according to the American Iron and Steel Institute (AISI). U.S. output was down 0.6% versus the prior week, but was 2.6% higher than the same period last year when production was 1,739,000 net […]