U.S. steel mills continued to raise the productivity bar, reaching an average capability utilization rate of 83.4 percent in the week ending March 9. Domestic raw steel production for the week totaled 1,941,000 net tons, up 0.7 percent from the prior week and 6.3 percent from the same period last year, reported the American Iron […]
Total raw steel production for the month of January rose to 8,286,886 net tons, reports the American Iron and Steel Institute in Washington. This is one of the higher levels seen over the last few years. Broken down by production method, 5,717,191 tons (69.0 percent) were produced by electric arc furnaces (EAFs) and 2,569,695 tons […]
Today, we are rolling out more of our agenda for the 2019 SMU Steel Summit Conference. The theme behind this year’s conference is “Steel in Transition.” It will provide an important forum for discussion of the key issues affecting all companies that supply or consume flat rolled and plate steels, including the steel mills, trading […]
Today, we are rolling out more of our agenda for the 2019 SMU Steel Summit Conference. The theme behind this year’s conference is “Steel in Transition.” It will provide an important forum for discussion of the key issues affecting all companies that supply or consume flat rolled and plate steels, including the steel mills, trading […]
U.S. steel mills reached an average capability utilization rate of 82.8 percent in the week ending March 2. Domestic raw steel production for the week totaled 1,927,000 net tons, up 1.0 percent from the prior week and 5.9 percent from the same period last year. This is the highest capacity utilization rate seen in over […]
In the recent op-ed below, American Iron and Steel Institute President and CEO Tom Gibson reiterated AISI’s support of steel tariffs and opposition to congressional legislation called “The Bicameral Congressional Trade Authority Act,” which would prematurely terminate the tariffs. “The massive overcapacity in steel still exists globally. And China in particular is producing steel at record levels—exceeding […]
The American Iron and Steel Institute and the Steel Manufacturers Association are among more than 200 companies and trade associations that have formed the USMCA Coalition to push for prompt congressional approval of the U.S.-Mexico-Canada trade agreement, the updated version of NAFTA. “We look forward to working with members of the USMCA Coalition to support […]
For the week ending Feb. 23, domestic raw steel production totaled 1,907,000 net tons. The mills achieved an average capability utilization rate of 81.9 percent, up 1.1 percent from the prior week and 5.0 percent from the same period last year. The U.S. steel industry has produced 14,644,000 tons of steel so far in 2019, […]
We are pleased to unveil the first look at the 2019 SMU Steel Summit Conference program. It has taken six months to get the agenda for this year’s conference to this point. It will be six more months of finetuning before we unleash the speakers, the videos, and the music on those who will be […]
We are pleased to unveil the first look at the 2019 SMU Steel Summit Conference program. It has taken six months to get the agenda for this year’s conference to this point. It will be six more months of finetuning before we unleash the speakers, the videos, and the music on those who will be […]
The U.S. steel industry has produced 12,737,000 tons of steel so far in 2019, an 8.4 percent increase from the same period last year. Mill utilization has averaged 80.7 percent this year, up substantially from the 75.7 percent in 2018, reported the American Iron and Steel Institute. For the week ending Feb. 16, the average […]
Economic indicators of manufacturing activity are strong, though the growth rate is slowing. This report summarizes 11 data streams that describe the state of U.S. manufacturing in general and the steel industry in particular. We have reported on most of these separately in our Steel Market Update publications, and therefore will be brief in this […]
As President and CEO of the American Iron and Steel Institute, Tom Gibson is the front man for an industry whose views are not always the most popular. Gibson will be a keynote speaker at Steel Market Update’s 2019 Steel Summit, scheduled for Aug. 26-28 in Atlanta. This will be Gibson’s first speaking engagement at […]
As President and CEO of the American Iron and Steel Institute, Tom Gibson is the front man for an industry whose views are not always the most popular. Gibson will be a keynote speaker at Steel Market Update’s 2019 Steel Summit, scheduled for Aug. 26-28 in Atlanta. This will be Gibson’s first speaking engagement at […]
The following op-ed in support of steel tariffs, published last week by Alabama’s AL.com, was written by Thomas Gibson, president and CEO of the American Iron and Steel Institute. Gibson will be a keynote speaker at Steel Market Update’s 2019 Steel Summit, scheduled for Aug. 26-28 in Atlanta. This will be Gibson’s first appearance at […]
The average capability utilization for U.S. steelmakers hit 81.5 percent in the week ending Feb. 9, the highest rate in about three months, with the mills producing 1,897,000 net tons of steel. Production increased 0.4 percent from the prior week and was up 4.4 percent from the same week the prior year, reported the American […]
Harsh winter weather likely contributed to a slight slowdown in the rate of raw steel production last week after two weeks above 1.9 million tons. U.S. steelmakers produced 1,889,000 net tons of steel in the week ending Feb. 2, operating at a capability utilization rate of 81.2 percent. Production was down 1.7 percent from the […]
President Trump signed an executive order today intended to boost the use of American-made iron, steel and other manufactured products in infrastructure projects by adding pressure on private and public sector entities that receive federal financial assistance. Called “Strengthening Buy American Preferences for Infrastructure Projects,” the order directs agency heads to “encourage recipients of new […]
U.S. steelmakers operated at 81.1 percent of their capability in the week ending Jan. 26, producing 1,922,000 net tons of raw steel. It has been a year since the mills produced that much in a single week. It was also the second week this month that steel production was above 1.9 million tons. Steel production […]
Raw steel production by U.S. steelmakers in the week ending Jan. 19 totaled 1,912,000 net tons for a capability utilization of 80.7 percent. Steel production was up 1.1 percent from the prior week and up 11.5 percent from the same week last year when the utilization rate was 73.6 percent, reported the American Iron and […]
Raw steel production by U.S. steelmakers in the week ending Jan. 12 totaled 1,891,000 net tons for a capability utilization of 79.8 percent. Steel production was up 0.8 percent from the prior week and up 10.3 percent from the same week last year when the utilization rate was 73.6 percent, reported the American Iron and […]
President Trump’s border wall could be made of three million tons of U.S. steel if he is able to get the funding for construction. In a bid to make his request more palatable to Democrats, Trump said the wall could be made of domestic steel from the companies he has made great again. “I’ll have […]
U.S. mills began the new year with little sign of a slowdown. Raw steel production by U.S. steelmakers in the week ending Jan. 5 totaled 1,876,000 net tons for a capability utilization of 80.0 percent. Steel production was down a slight 1.2 percent from the prior week, but up 10.1 percent from the same week […]
Cranking out steel at more than 80 percent of capacity late in the year, U.S. mills produced over 95 million tons of raw steel in 2018, 6.2 percent more than the prior year, according to weekly production data from the American Iron and Steel Institute. The average capacity utilization rate for the year increased by […]
Total raw steel production for the month of November was 8,156,077 net tons. Broken down by production method, 5,533,449 tons (67.8 percent) were produced by electric arc furnaces (EAFs) and 2,622,628 tons (32.2 percent) were produced by blast furnaces. November production was 174,428 tons or 2.1 percent lower than October, but 836,610 tons or 11.4 […]
On Wednesday in New York, a three-judge panel on the U.S. Court of International Trade began deliberating a case that will examine the constitutionality of the Section 232 tariffs imposed by President Trump on imports of steel and aluminum in the name of national security. Opponents argue that such tariffs should be subject to congressional […]
Raw steel production by U.S. steelmakers in the week ending Dec. 15 inched up to 80.6 percent capability utilization. Steel production totaled 1,890,000 net tons for the week, up 0.7 percent from the prior week, and up 12.8 percent from the prior year, reports the American Iron and Steel Institute. Domestic mills have been running […]
Demand for long products is booming, plate products are doing OK, sheet products are flat and tubulars are cratering. This analysis by SMU staff is based on data from the American Iron and Steel Institute (AISI) and the U.S. Department of Commerce (DoC). The analysis summarizes total steel supply by product from 2003 through October […]
Steel Market Update is pleased to include the following Premium content in this Executive issue. For more information about upgrading to a Premium-level subscription, email info@SteelMarketUpdate.com. Economic indicators of U.S. manufacturing activity are strong, though growth is slowing. This report summarizes 11 data streams that describe the state of U.S. manufacturing in general and the […]
Total raw steel production for the month of October was 8,330,505 net tons, the highest production level since August 2014 when 8,546,303 tons were produced. Broken down by production method, 5,724,209 tons were produced by electric arc furnaces (EAFs) and 2,606,296 tons were produced by blast furnaces. October production was 333,505 tons or 4.2 percent […]