I was asked this evening if the JSW Ohio production tonnage is included in the weekly raw steel production report produced by the American Iron & Steel Institute (AISI). In the fine print of their weekly report, the AISI states that 1st Quarter 2019 production is estimated at 30.5 million tons, which is lower than […]
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 […]
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 […]
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 […]
Raw steel production by U.S. steelmakers in the week ending Dec. 8 saw a slight dip for the third week in a row, possibly reflecting seasonal weaknesss, but stayed at the 80.0 percent capacity utilization level the mills strive to maintain. Steel production totaled 1,876,000 net tons for the week, down 0.8 percent from the […]
Raw steel production by U.S. steelmakers in the week ending Dec. 1 backslid a bit, but stayed above the 80 percent level that the mills hope to maintain. Steel production totaled 1,892,000 net tons for the week, down a slight 0.7 percent from the prior week, but up 11.1 percent from the prior year. The […]
This is the first time we have done this analysis since our April publication and we were surprised that the results for sheet and strip products weren’t as good as we expected. Our analysis is based on data from the American Iron and Steel Institute (AISI) and the U.S. Department of Commerce (DoC). The analysis […]
U.S. steelmakers have produced 5.6 percent more raw steel so far this year. Adjusted year-to-date production through Nov. 24 totaled 85,639,000 net tons. The increase is the result of a nearly 4 percent improvement in capacity utilization, to an average annual rate of 78.1 percent from 74.2 percent in 2017, reports the American Iron and […]
Mill utilization among domestic steelmakers continues to inch upward and is now well above the profitable 80 percent level the industry hopes to maintain. U.S. raw steel production for the week ending Nov. 17 totaled 1,924,000 net tons for a capability utilization rate of 82.1 percent, a half-percent more than the prior week and a […]
Domestic steelmakers have been able to sustain operations above 80 percent capacity utilization for a month now, keeping production at the highest rate seen in a decade. U.S. raw steel production for the week ending Nov. 10 totaled 1,915,000 net tons, a utilization rate of 81.7 percent, just slightly below the prior week, but a 12.1 […]
Domestic steelmakers achieved their highest production rate in a decade last week, hitting a capability utilization of 81.8 percent. The last time production was higher was the week ending Sept. 27, 2008, when the mills operated at 83.2 percent and produced nearly 2 million tons. U.S. raw steel production for the week ending Nov. 3 […]
Domestic steel mills achieved a production rate last week not seen in more than six years. U.S. raw steel production for the week ending Oct. 27 totaled 1,898,000 net tons with the mills averaging 81.0 percent of their capability, up from 80.0 percent reported the prior week, according to the American Iron and Steel Institute. […]
U.S. mills have operated at 80 percent of capacity or better for two weeks in a row. U.S. raw steel production for the week ending Oct. 20 totaled 1,875,000 net tons with the mills averaging 80.0 percent of their capability, down slightly from 80.2 percent reported the prior week, according to the American Iron and […]
Gaurav Chhibbar is a partner at Metal Edge Partners, a firm engaged in Risk Management and Strategic Advisory. In this new role, he and his firm design and execute risk management strategy for clients along with providing process and analytical support. In Gaurav’s previous role, he was a Trader at Cargill spending time in Metal […]
U.S. raw steel production for the week ending Oct. 13 totaled 1,881,000 net tons with the mills operating at 80.2 percent of capacity, reported the American Iron and Steel Institute. The current week’s production is a 1.6 percent improvement from the prior week, and a 10.3 percent jump from the same period last year, when […]
U.S. mills have cranked out steel at a capability utilization rate of 79.0 percent or better for nine weeks in a row, but only briefly have breached the 80 percent mark. U.S. raw steel production for the week ending Oct. 6 totaled 1,851,000 net tons with the mills operating at 79.0 percent capacity, reported the American […]
U.S. raw steel production for the week ending Sept. 29 totaled 1,856,000 net tons, up 8.5 percent from the same period last year but down 0.4 percent from the prior week, reports the American Iron and Steel Institute. The mill capability utilization rate of 79.2 percent, up from 73.4 percent this time last year, remained […]
U.S. raw steel production for the week ending Sept. 22 totaled 1,863,000 net tons, up 8.9 percent from the same period last year and 0.1 percent from the prior week, reports the American Iron and Steel Institute. The mill capability utilization rate of 79.5 percent, up from 73.4 percent this time last year, once again […]
U.S. raw steel production slipped by a slight 0.9 percent last week, nudging the mill capability utilization rate back below 80 percent once again. The American Iron and Steel Institute reported an average utilization rate for the week ending Sept. 15 of 79.4 percent, down from the 80.2 percent level in the prior week. But steel […]
U.S. raw steel production finally topped the 80 percent capaciity utilization level the industry considers necessary for sustainable profitability. The American Iron and Steel Institute reported a utilization rate for the week ending Sept. 8 of 80.2 percent, up from 79.8 percent in the prior week, and up from 73.4 percent the same week one […]
U.S. raw steel production continues to surpass previous highs, just a hair away from the 80 percent capability utilization level sought by the industry. The American Iron and Steel Institute reported a utilization rate for the week ending Sept. 1 of 79.8 percent, up from 79.3 percent in the prior week, and up from 75.4 […]
The American Iron and Steel Institute reported a mill capability utilization rate for the week ending Aug. 25 of 79.3 percent, down slightly from 79.5 percent in the prior week, but up from 75.8 percent in the same week last year. Raw steel production for the week ending Aug. 25 totaled 1,858,000 net tons, the sixth week in a […]
U.S. mill capability utilization hit another new high for the year last week, moving closer to the 80 percent level sought by the industry. The American Iron and Steel Institute reported a utilization rate for the week ending Aug. 18 of 79.5 percent, up from 79.1 percent in the prior week, and up from 75.8 […]
U.S. mill capability utilization hit a new high for the year last week, inching closer to the industry’s desired 80 percent mark. The American Iron and Steel Institute reported a utilization rate for the week ending Aug. 11 of 79.1 percent, up from 78.0 percent in the prior week, and up from 75.8 percent in […]
U.S. raw steel production remained above the 1.8 million ton mark for the third week in a row, reports the American Iron and Steel Institute in Washington. Raw steel output for the week ending Aug. 4 totaled 1,828,000 net tons, a 4.3 percent increase from the same period last year, but down 0.4 percent from […]
“We’ve earned the right to grow,” said U.S. Steel Corp. CEO David Burritt during the company’s second-quarter 2018 earnings call. U.S. Steel showed its strength in the second quarter with net sales of $3.6 billion and net earnings of $214 million. Adjusted EBITDA rose from $376 million to $451 million year-over-year. U.S. Steel said its […]
U.S. raw steel production topped the 1.8 million ton mark for the second week in a row and mill utilization, at 78.3 percent, almost equaled this year’s peak of 78.7 percent achieved in March, reports the American Iron and Steel Institute in Washington. Raw steel output for the week ending July 28 totaled 1,836,000 net […]