Steel production by U.S. mills has been creeping steadily upward for the past eight weeks as the economy and steel demand slowly recover from the effects of the coronavirus. Production for the first seven months of the year remains nearly 20 percent below the same period in 2019, however. Adjusted year-to-date production through Aug. 1 totaled […]
U.S. raw steel production rose 0.7 percent to 5,453,000 net tons in June, as reported last week by the American Iron and Steel Institute in Washington. June production was well below the 2020 average of 6,687,000 tons, and down 31.7 percent compared to the same month last year. June production was 38,000 tons higher than […]
A possible indication that the economy and steel demand gradually continue to improve, domestic steelmakers increased raw steel production for the seventh week in a row to a total of 1,320,000 net tons in the period ending July 25 with the mills operating at an average utilization rate of 58.9 percent, reported the American Iron […]
Domestic steelmakers continue to increase raw steel production with mill capacity nearing 60 percent once again, even as the spread of the coronavirus threatens new disruptions to the economy. Steel production moved up for the sixth week in a row to a total of 1,306,000 net tons in the period ending July 18 with the […]
Steel production moved up for the fifth week in a row, and the seventh out of the last eight weeks, to a total of 1,289,000 net tons in the period ending July 11 with the mills operating at an average utilization rate of 57.5 percent, reported the American Iron and Steel Institute. Production has increased […]
U.S. raw steel production in May rose 1.9 percent to 5,415,000 net tons, as reported last week by the American Iron and Steel Institute in Washington. May production was well below the 2020 average of 6,934,000 tons, and down nearly 3 million tons or 35.0 percent compared to the same month last year. May production […]
Perhaps a reflection of an improving economy, steel production moved up for the fourth week in a row to a total of 1,268,000 net tons in the period ending July 4 with the mills operating at an average utilization rate of 56.6 percent, reported the American Iron and Steel Institute. Production was up 2.3 percent […]
Halfway through the year, steel production by U.S. mills is down by nearly 19 percent compared with the first half of 2019 as steel demand continues to suffer from the coronavirus. Adjusted year-to-date production through June 27 totaled 39,165,000 net tons at an average utilization rate of 67.0 percent, reported the American Iron and Steel […]
Steel production in the week ending June 20 totaled 1,224,000 net tons with the mills operating at an average utilization rate of 54.6 percent. Production was up 1.2 percent from the prior week when the utilization rate was 54.0 percent. This is a notable improvement from the post-virus low point of 1,144,000 tons or 51.1 […]
Steel production in the week ending June 13 totaled 1,210,000 net tons with the mills operating at an average utilization rate of 54.0 percent. Production was up 1.3 percent from the prior week when the utilization rate was 53.3 percent, reported the American Iron and Steel Institute. While improved, the current week’s production still represents […]
Steel mill utilization by domestic producers has remained fairly stable within a tight range in the low 50s since production was curtailed in March and April due to the coronavirus. The American Iron and Steel Institute’s weekly production data shows no signs yet of the recovering economy. Steel production in the week ending June 6 […]
Mill utilization by domestic steelmakers improved slightly for the second week in a row–perhaps an early hint of an improving economy and growing demand. Steel production in the week ending May 30 totaled 1,206,000 net tons with the mills operating at an average utilization rate of 53.8 percent. Production was up 1.3 percent from the […]
Mill utilization by domestic steelmakers improved slightly in the week ending May 23 as steel production totaled 1,191,000 net tons with the mills operating at an average rate of 53.2 percent. Production was up 0.8 percent from the prior week when the utilization rate was 52.7 percent, reported the American Iron and Steel Institute. While […]
In the week ending May 16, steel production totaled 1,181,000 net tons with the mills operating at an average capability utilization rate of 52.7 percent. Production was down 1.9 percent from the prior week when output totaled 1,204,000 tons at a utilization rate of 53.7 percent, reported the American Iron and Steel Institute. Mill utilization […]
Has steel production turned a corner? After a series of sharp declines since the coronavirus shutdowns in mid-March, the mill utilization rate actually saw a small uptick last week. In the week ending May 9, steel production totaled 1,204,000 net tons with the mills operating at an average capability utilization rate of 53.7 percent. Production […]
Raw steel production is starting to show the full effect from the pandemic shutdowns and the capacity curtailments by domestic steelmakers. In the week ending May 2, steel production totaled 1,144,000 net tons with the mills operating at an average capability utilization rate of 51.1 percent, down 8.5 percent from the previous week, and down […]
After a brief pause, raw steel production continued to slide last week. Production in the April 25 week totaled 1,250,000 net tons with the mills operating at an average capability utilization rate of 55.8 percent, down 2.1 percent from the previous week, and down 33.9 percent from the same week last year, reported the American […]
U.S. raw steel production actually inched up last week after a series of declines that has taken the average mill capacity utilization rate down by 25 percentage points since early March. Production in the April 18 week totaled 1,277,000 net tons with the mills operating at an average capability utilization rate of 57.0 percent, down […]
U.S. raw steel production continued to plummet last week as domestic steelmakers took further steps to adjust output to weak steel demand as the economy struggles with the coronavirus. Production in the April 11 week totaled 1,256,000 net tons with the mills operating at an average capability utilization rate of 56.1 percent, down from a […]
U.S. raw steel production plunged by another 8.1 percent in the week ending April 4, on top of a nearly 10 percent drop the prior week, as the coronavirus crisis eats into steel demand. Production in the April 4 week totaled 1,534,000 net tons with the mills operating at an average capability utilization rate of […]
Steel buyers surveyed by Steel Market Update this week report that demand is plunging and they expect steel prices to continue declining right along with it for at least the next 30 days. The majority believe that efforts by the mills to cut production and match supply with demand will not be enough to establish […]
Domestic raw steel production plunged by nearly 10 percent in the week ending March 28 as the coronavirus took a toll on the economy and steel demand, reported the American Iron and Steel Institute. Steelmakers have announced a series of furnace idlings in the past few weeks that took an estimated 5 million tons of […]
Raw steel production saw its third weekly decline of 1 percent or more, taking the mill capability utilization rate below 80 percent for the first time since mid-December 2019 as the coronavirus crisis begins to affect steel demand. Production for the week ending March 21 totaled 1,852,000 net tons, for a utilization rate of 79.4 […]
Weekly raw steel production saw its second decline of 1 percent or more in the week ending March 14, suggesting that the coronavirus may be affecting steel demand. Production last week totaled 1,878,000 net tons with the mills operating at 80.5 percent of their capability. That’s down 25,000 tons or 1.3 percent from the prior […]
Mill shipments of sheet products in January were the highest since August 2019. This analysis is based on steel mill shipment data from the American Iron and Steel Institute (AISI) and import-export data from the U.S. Department of Commerce (DoC). This month we are producing a new report for long products and will follow this […]
Demand for long products declined by 3.5 percent in the three months through January, but rebar was up by 9.6 percent. This analysis is based on steel mill shipment data from the American Iron and Steel Institute (AISI) and import-export data from the U.S. Department of Commerce (DoC). It summarizes total steel supply by product […]
U.S. raw steel production in January rose to a 10-month high at 8,439,441 net tons, reported the American Iron and Steel Institute in Washington. January production was above the 2019 average of 8,061,679 tons and up 1.8 percent compared to the same month last year. The last time production was this high was March 2019 […]
Raw steel production in the week ending March 7 totaled 1,903,000 net tons with the mills operating at 81.6 percent of their capability. That’s down 20,000 tons or 1.0 percent from the previous week when capacity utilization was at 82.5 percent. The current week’s production is a 0.5 percent decrease from the same period last […]
Raw steel production increased in all five regions of the country in the week ending Feb. 29, totaling 1,923,000 net tons, up 1.2 percent from the prior week and raising the mills to a healthy average utilization rate of 82.5 percent. The current week’s production represents a 0.3 percent increase from the same period last […]
Raw steel production in the week ending Feb. 22 totaled 1,901,000 net tons, a small 0.3 percent decrease from the prior week. The average mill utilization rate of 81.5 percent has fluctuated within a narrow +/-1 percent range since the beginning of the year and remains at a healthy level for the mills. Production last […]