Posts Tagged: ‘steel production’

Domestic Raw Steel Production, Capacity Utilization Drop to Two-Month Low

August 26, 2013 Posted by Steel Market Intelligence

Weekly domestic raw steel production decreased 0.9% from last week’s 1.878 million tons (mt) to 1.861 mt for the week ending August 24, 2013, falling to a two-month low and remaining at some 0.1% above the year-ago level of 1.863 mt.

We would caution readers that only half of the AISI reporting companies release their weekly production in “real time” so the other half of this data is estimated using the last month’s reported production & operating rate. What this means is that when production is changing, the weekly data is actually understating the change.

Capacity utilization dropped from 78.4% last week to 77.7% this week, which is also a two-month low, but is above the year-ago level of 75.4%.

The lowest production since the recession began was 800,000 tons for the week of December 27, 2008, while the highest was 2.005 mt for the week of May 12, 2012. The lowest capacity utilization rate since the recession began was 33.5% for the week of December 27, 2008; the highest was 81.1% on May 12, 2012.

Source: AISI and Steel Market Intelligence

July Global Steel Production Drops Less than Seasonally Normal as Chinese Output Remains Robust

August 20, 2013 Posted by Steel Market Intelligence

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July global steel production declined 2.2% to 4.269 million tonnes per day (tpd), less than the normal seasonal drop of 3.5%, mainly due to persistent overproduction from China…

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Domestic Raw Steel Production, Capacity Utilization Up Slightly

August 20, 2013 Posted by Steel Market Intelligence

Weekly domestic raw steel production increased 0.9% from last week’s 1.862 million tons (mt) to 1.878 mt for the week ending August 17, 2013, and is some 0.1% above the year-ago level of 1.876 mt.

We would caution readers that only half of the AISI reporting companies release their weekly production in “real time” so the other half of this data is estimated using the last month’s reported production & operating rate. What this means is that when production is changing, the weekly data is actually understating the change.

Capacity utilization also increased from 77.7% last week to 78.4% this week, and is above the year-ago level of 75.9%.

The lowest production since the recession began was 800,000 tons for the week of December 27, 2008, while the highest was 2.005 mt for the week of May 12, 2012. The lowest capacity utilization rate since the recession began was 33.5% for the week of December 27, 2008; the highest was 81.1% on May 12, 2012.

Source: AISI and Steel Market Intelligence

July Flat-Rolled Inventory Drops Further; Shipments Weaken After Strong June

August 16, 2013 Posted by Steel Market Intelligence

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There was a reasonable amount of good news in the July MSCI report. First, in an unusual move, flat-rolled inventories dropped nearly 3% from June; it’s rare to see inventories…

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Advance/Decliner Index Moves Sideways on Higher China, Weaker Elsewhere

August 15, 2013 Posted by Steel Market Intelligence

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Our Advance/Decliner Index posted a nominal improvement as a 2.3% increase in iron ore prices, bullish comments about the Chinese real estate market and a 2.1% drop in final…

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Domestic Raw Steel Production, Capacity Utilization Down

August 13, 2013 Posted by Steel Market Intelligence

Weekly domestic raw steel production decreased 1.4% from last week’s 1.888 million tons (mt) to 1.862 mt for the week ending August 10, 2013, and is also some 2.0% below the year-ago level of 1.899 mt.

We would caution readers that only half of the AISI reporting companies release their weekly production in “real time” so the other half of this data is estimated using the last month’s reported production & operating rate. What this means is that when production is changing, the weekly data is actually understating the change.

Capacity utilization also fell from 78.8% last week to 77.7% this week, but is slightly above the year-ago level of 76.9%.

The lowest production since the recession began was 800,000 tons for the week of December 27, 2008, while the highest was 2.005 mt for the week of May 12, 2012. The lowest capacity utilization rate since the recession began was 33.5% for the week of December 27, 2008; the highest was 81.1% on May 12, 2012.

Source: AISI and Steel Market Intelligence

Advance/Decliner Index Remains High with Weaker China

August 7, 2013 Posted by Steel Market Intelligence

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Our Advance/Decliner Index declined slightly this week as news of a 2.3% rebound in Chinese steel production in mid-July and a 1.9% drop in iron ore prices put downward…

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Domestic Raw Steel Production, Capacity Utilization Increase Slightly

August 6, 2013 Posted by Steel Market Intelligence

Weekly domestic raw steel production rose 0.9% from last week’s level of 1.871 million tons (mt) to 1.888 mt for the week ending August 3, 2013, and remains some 1.3% above the year-ago level of 1.843 mt.

We would caution readers that only half of the AISI reporting companies release their weekly production in “real time” so the other half of this data is estimated using the last month’s reported production & operating rate. What this means is that when production is changing, the weekly data is actually understating the change.

Capacity utilization rose slightly, increasing from 78.1% last week to 78.8% this week, and is above the year-ago level of 75.4%.

The lowest production since the recession began was 800,000 tons for the week of December 27, 2008, while the highest was 2.005 mt for the week of May 12, 2012. The lowest capacity utilization rate since the recession began was 33.5% for the week of December 27, 2008; the highest was 81.1% on May 12, 2012.

Source: AISI and Steel Market Intelligence

Chinese Steel Production Flash – Mid-July Output Rebounds on Rising Prices

July 31, 2013 Posted by Steel Market Intelligence

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Chinese steel production estimated by the China Iron & Steel Association (CISA) rose 2.3% to 2.13 million tonnes per day (mtpd) in mid-July, after posting a surprising 4.5% drop…

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Domestic Raw Steel Production, Capacity Utilization Fall

July 30, 2013 Posted by Steel Market Intelligence

Weekly domestic raw steel production fell 1.7% from last week’s 13-month high of 1.904 million tons (mt) to 1.871 mt for the week ending July 27, 2013, but remains some 1.4% above the year-ago level of 1.846 mt.

We would caution readers that only half of the AISI reporting companies release their weekly production in “real time” so the other half of this data is estimated using the last month’s reported production & operating rate. What this means is that when production is changing, the weekly data is actually understating the change.

Capacity utilization fell from a 14-month high of 79.5% last week to 78.1% this week, but is above the year-ago level of 74.7%.

The lowest production since the recession began was 800,000 tons for the week of December 27, 2008, while the highest was 2.005 mt for the week of May 12, 2012. The lowest capacity utilization rate since the recession began was 33.5% for the week of December 27, 2008; the highest was 81.1% on May 12, 2012.

Source: AISI and Steel Market Intelligence