US raw steel production increased last week, further recovering from the four-month low seen in early August, according to recently published American Iron and Steel Institute (AISI) data. Production has been historically strong for most of this year.
SMU’s average price for domestic hot rolled (HR) rose to $1,195 per short ton (st) week on week (w/w). In offshore markets, prices saw a more controlled rise.
Domestic raw steel production rose by 13,000 short tons (st) last week, a marginal recovery from the four-month low set one week prior, according to recently published American Iron and Steel Institute (AISI) figures.
Apparent steel supply rose 3% from May to June to the highest rate recorded in over four years, according to recent Department of Commerce and American Iron and Steel Institute (AISI) figures. June’s supply increased to 9.31 million short tons, driven primarily by higher domestic shipments, and partly offset by lower finished imports and increased exports.
Ford Motor Co. announced it will reshore production of Lincoln-brand vehicles as part of its commitment to American manufacturing. The Dearborn, Mich.-based automaker said it will phase out the importation of vehicles from China for the US market and increase domestic Lincoln production starting in 2030.
SMU’s average price for domestic hot rolled was unchanged week on week at $1,180 per short ton. In offshore markets, prices mainly moved up.
The amount of raw steel produced by US mills declined last week to the lowest rate recorded in over four months, according to recently released American Iron and Steel Institute (AISI) data. Domestic production has been historically strong for over five months now, recently touching a six-year high.
SMU’s average price for domestic HR rose to $1,180 per short ton (st) this week, $15/st higher vs. the prior week. In offshore markets last week, prices mainly moved up.
June US steel mill shipments jumped 4.8% from May and 8.7% from June last year.
The amount of raw steel produced by US mills increased last week to the highest rate recorded since early June. Domestic production has been historically strong for over five months now.
The decisive factor remains the 50% Section 232 tariffs. Still, imports from Europe remain largely near parity with domestic material, while Southeast Asian products are at a considerable discount.
Domestic steel mill output increased last week and remained historically strong, according to recently released American Iron and Steel Institute (AISI) figures.
Total US raw steel mill output declined last week to the lowest rate seen since April, according to the latest American Iron and Steel Institute (AISI) figures
SMU’s average price for domestic HR remained flat, holding firm for the past three weeks. In offshore markets last week, prices mainly moved higher.
Domestic raw steel output eased to an 11-week low last week, according to recently released American Iron and Steel Institute (AISI) figures
SMU’s average price for domestic HR was unchanged vs. last week. In offshore markets last week, while prices diverged, the dynamic between stateside and imported product varied little.
The American Iron and Steel Institute (AISI) reports that US mill shipments increased 6.2% in May from April.
Total US raw steel output recovered last week after declining in the three prior weeks, according to recent American Iron and Steel Institute (AISI) figures.
Imports from Europe are at parity with domestic hot rolled, while Southeast Asian products remain at a considerable discount. The result comes because a stateside rally coincides with faltering offshore prices.
Total US raw steel output declined last week for the third-consecutive week but remains historically strong.
Cold-rolled coil prices moved higher in the US this week, as offshore prices trended lower. Imports are, as a result, increasingly more competitive, even with the 50% Section 232 tariff.
Domestic steelmakers told the Congressional Steel Caucus that strong trade enforcement and Section 232 tariffs continue to drive higher production, new investment, and facility restarts nationwide.
SMU’s average price for domestic HR was $1,145 per short ton (st) this week, $15/st higher week over week (w/w). In offshore markets last week, prices moved down, largely maintaining a trend seen since late April.
US raw steel production has eased over the past month following the multi-year high seen in May, according to recent American Iron and Steel Institute (AISI) data
Cold-rolled (CR) coil prices ticked up in the US this week, as offshore prices mostly trended lower.
SMU’s average price for domestic HR was $1,130 per short ton (st) this week, $15/st higher week over week (w/w). In offshore markets last week, prices were largely down, following a trend seen since late April.
The volume of raw steel produced by US mills slipped to a seven-week low last week but remains historically high, according to American Iron and Steel Institute (AISI) figures released on Monday.
The price gap between US hot-rolled coil (HR) and landed offshore product continues to narrow, as stateside prices are now, on average, carrying a premium over imports. Domestic tags are still outpacing imported hot band as pricing dynamics diverge.
The American Iron and Steel Institute (AISI) reports that US steel shipments fell from March to April.
Domestic steel mill output remained historically strong last week, holding within earshot of a multi-year high.