Total mill shipments of steel products edged up 1.4% in October to 8.619 million tons, following a 12.2% fall the month prior. Apparent supply slipped for the second straight month in October, down 2.2% on top of a 6.9% decline in September. October’s contraction marks the first month-on-month decrease in steel supply since apparent supply fell […]
Algoma Steel Group Inc. has picked Danieli & C. Officine Meccaniche S.p.A (Danieli) as the technology provider for their new electric arc (EAF) steelmaking facility set for operation in early 2024. The Sault Ste. Marie, Ontario-based steelmaker said that Danieli’s systems were the best choice for their new mill as they transition away from basic […]
With almost 11 months in the record books, domestic raw steel production is up nearly 20% versus last year when the market was dogged by various pandemic disruptions. Adjusted year-to-date production through Nov. 27 totaled 86,274,000 net tons – up 19.7% from the 72,053,000 net tons during the same period in 2020. The average mill utilization […]
Domestic raw steel production slipped in the week ending Dec. 4, down for the second straight week. U.S. mills produced an estimated at 1,807,000 net tons during the week, while the average mill utilization rate dipped to 81.9%, according to the American Iron and Steel Institute (AISI). Production was down an estimated 1.6% compared to […]
Domestic raw steel production edged higher in the week ending Nov. 20, increasing for the second consecutive week. U.S. mills produced an estimated 1,861,000 net tons during the week, while the average mill utilization rate rose to 84.3%, according to the American Iron and Steel Institute (AISI). Production was up an estimated 0.3% compared to […]
Raw steel production by U.S. mills rebounded after falling for three straight weeks, and down five out of the last seven weeks. Domestic raw steel production was estimated at 1,856,000 net tons in the week ending Nov. 13, while the average mill utilization rate rose to 84.1%, according to the American Iron and Steel Institute […]
Total mill shipments of steel products fell 12.2% in September to 8.502 million tons, after seeing an 11.1% increase the month prior. Apparent supply also slipped in September, down 6.9%, following a 7.9% increase in August. September’s contractions mark the first decrease in steel supply in seven months. This analysis is based on steel mill shipment […]
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. U.S. raw steel production in September eased 4.9% from August to 7.89 million net tons, a 408,000-ton seasonal decline, according to American Iron and Steel Institute data. One month prior, production had reached a 20-month high […]
Raw steel production by U.S. mills slipped for the third straight week, now down five out of the last six weeks. Domestic raw steel production was estimated at 1,841,000 net tons in the week ending Nov. 6, while the average mill utilization rate dipped to 83.4%, its lowest reading since the week of July 10, […]
Raw steel production by U.S. mills slipped for the second consecutive week following their highest tonnage output since the pandemic started just two weeks prior. Domestic raw steel production was estimated at 1,860,000 net tons in the week ending Oct. 30, while the average mill utilization rate was 84.3%, according to the American Iron and […]
With record third-quarter earnings of $2 billion in the bank, U.S. Steel President and CEO David Burritt offered a bullish outlook for the steel industry and his company in 2022. Highlights of the company’s earnings call on Friday included an update on the steelmaker’s progress in finding a site for its new electric arc furnace […]
Domestic raw steel production edged down slightly after matching its pandemic-era high the week prior. Production by U.S. mills was estimated at 1,870,000 net tons in the week ending Oct. 23, while the average utilization rate was 84.7%, according to the American Iron and Steel Institute (AISI). Output was down 0.6% compared to the week […]
U.S. raw steel production has recovered after slipping for two straight weeks. Production by U.S. mills was estimated at 1,882,000 net tons in the week ending Oct. 16, while the average utilization rate equaled its highest reading all year at 85.3%, according to the American Iron and Steel Institute (AISI). Output rose by 1.3% compared to […]
U.S. raw steel production edged down for the second straight week. Production by U.S. mills was estimated at 1,858,000 net tons in the week ending Oct. 9, while the average utilization rate was still a very strong 84.2%, according to the American Iron and Steel Institute (AISI). Output was down by 0.7% compared to the week […]
Mill shipments of steel products jumped 11.2% in August to 9.69 million tons, following an increase of 2.0% the month prior. Apparent supply was up 7.8% in August after a 3.6% increase in July. August’s expansion is the sixth straight month of growth in the steel supply since February’s double-digit contraction. This analysis is based on […]
Domestic raw steel production slipped in the week ending Oct. 2, remaining just under the pandemic-era high seen the month prior. According to the American Iron and Steel Institute (AISI), production by U.S. mills was estimated at 1,827,000 net tons while the average mill utilization rate was 84.8%. Output edged down slightly by 0.4 of […]
Domestic raw steel production crept up in the week ending Sept. 25, recovering from the slight dip the week prior and landing just under the pandemic-era high seen earlier in the month. According to the American Iron and Steel Institute (AISI), production by U.S. mills was estimated at 1,880,000 net tons while the average utilization […]
Domestic raw steel production edged down marginally in the week ending Sept. 18 after climbing to a new pandemic-era high the week prior. According to the American Iron and Steel Institute (AISI), production by U.S. mills was estimated at 1,874,000 net tons while the average utilization rate was 84.9%. Mill utilization has fluctuated in recent weeks […]
Mill shipments of steel products rose 2.0% in July to 8.7 million tons, following an increase of 1.7% the month prior. Apparent supply jumped 3.6% in July after a 6.0% increase the prior month. July marks the fifth consecutive month of gains after February’s double-digit contraction. This analysis is based on steel mill shipment data from […]
Production by U.S. mills was 1,882,000 net tons while the average utilization rate was 85.3% in the week ending Sept. 11, according to the American Iron and Steel Institute (AISI). Weekly domestic raw steel production rebounded after slipping for two straight weeks, eclipsing the 85% mark for the first time since Sept.13, 2008. Weekly output […]
Weekly domestic raw steel production slipped for the second straight week. Production by U.S. mills was 1,866,000 net tons while the average utilization rate was 84.5% in the week ending Sept. 4, according to the American Iron and Steel Institute (AISI). Weekly output dipped by 0.4% compared to the week prior when production was 1,873,000 […]
Weekly domestic raw steel production slipped last week after climbing the week prior. Output varied slightly throughout the month of August. Production by U.S. mills was 1,873,000 net tons while the average utilization rate was 84.9% in the week ending Aug. 28, according to the American Iron and Steel Institute (AISI). Weekly output dipped by […]
Weekly raw steel production by U.S. mills edged back up after successive decreases the past two weeks. The average utilization rate was 85.0% while production was 1,877,000 net tons in the week ending Aug. 21, according to the American Iron and Steel Institute (AISI). The slight increase in domestic production edged utilization back up to […]
Mill shipments of steel products rose in June by 1.7%, following an increase of 1.9% the month prior. Apparent supply jumped 6.0% in June after a 1.3% increase in May. June’s gains were the fourth in as many months after February’s double-digit contraction. This analysis is based on steel mill shipment data from the American […]
Weekly raw steel production by U.S. mills dipped slightly, losing momentum last week. The average utilization rate was 84.8%, while production totaled 1,872,000 net tons in the week ending Aug. 7, according to the American Iron and Steel Institute (AISI). The slip, though negligible, was the first decrease in six weeks as U.S. mills continue […]
Weekly raw steel production by U.S. mills contracted slightly for the second straight week. The average utilization rate was 84.7%, while production totaled 1,869,000 net tons in the week ending Aug. 14, according to the American Iron and Steel Institute (AISI). The dip, though minor, was the second in as many weeks after domestic production pushed […]
U.S. raw steel production eased in June to 7.90 million net tons, according to recently released American Iron and Steel Institute data. Although down 2.7% from the month prior, June marks the second-highest production level seen since January 2020 when 8.44 million tons were produced by domestic mills (May 2021 was a 16-month high). June production is up 2.45 million […]
U.S. mills are producing steel at nearly full capacity. The average utilization rate for U.S. mills reached 85.0% in the week ending July 31, while raw steel production totaled 1,876,000 net tons, according to the American Iron and Steel Institute (AISI). Weekly output rose for the fifth straight week, up 0.4% compared to the week […]
The average utilization rate for U.S. steel mills reached 84.6% in the week ending July 24, while domestic raw steel production totaled 1,868,000 net tons, keeping the upward momentum going for the fourth straight week, according to the American Iron and Steel Institute (AISI). Weekly output was up 0.5% compared to the week prior when […]
The average utlization rate for U.S. steel mills reached 84.1% in the week ending July 17, while domestic raw steel production totaled 1,859,000 net tons, up for the third consecutive week, according to the American Iron and Steel Institute (AISI). Weekly output was up 0.4% when compared with the week prior when production was 1,852,000 […]