New Report Preview:
Reflecting the weakened economy and lingering impact of Sandy, MSCI November shipments declined 3.4% from October. The good news is…more.
For a copy of our full report and a free trial subscription, please contact us.
Posts Tagged: ‘domestic steel’
Domestic Raw Steel Production Hits Fifteen-Week High
For the week ending December 1, 2012, weekly domestic raw steel production rose 1.4% to a 15-week high of 1.827 million tons (mt), and is now up 8.8% from the recent low of 1.679 mt for the week of October 27, 2012.
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 came in at 73.9%, up from 72.9% last week, but still down from the year-ago level of 78.5%.
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
Domestic Raw Steel Production Rises After Thanksgiving Holiday
For the week ending December 1, 2012, weekly domestic raw steel production rose 3.1% to a 10-week high of 1.818 million tons (mt), compared to 1.764 mt the previous week – which was most likely affected by the Thanksgiving holiday – and is now up some 8.3% from the recent low of 1.679 for the week of October 27, 2012.
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 came in at 73.6%, the highest since late September, and up from 71.4% last week but down from the year-ago level of 74.9%.
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
Domestic Raw Steel Production Rises for the Third Straight Week
For the week ending November 17, 2012, weekly domestic raw steel production increased for the third consecutive week, rising 2.6% to a two-month high of 1.792 million tons (mt) compared to 1.745 mt the previous week.. Despite the current string of increases, production levels are still down some 10.6% from the recent peak on May 12.
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 to 72.5% from 70.7% last week, the first time above 72% since September 22.
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
October Distributor Shipments Show Sandy-Impacted Decline; Inventories Continue to Drop
New Report Preview:
The MSCI October report showing a meaningful decline in average daily shipments of 5.9% sequentially and 5.4% y-o-y most probably overstated the weakness in the month …more
For a copy of our full report and a free trial subscription, please contact us.
Domestic Raw Steel Production Posts Largest Gain Since December 2011
For the week ending November 3, 2012, weekly domestic raw steel production increased 2.3% to 1.746 million tons (mt), the largest weekly percentage gain since December of last year, but still some 12.9% below the recent peak on May 12.
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 to 70.7% from 69.1% last week, the first time above 70% since October 13.
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 Rises on Surging China
New Report Preview:
Our Advance/Decliner Index rebounded as China returned to the market, which had a more powerful impact as 33% of the price changes this week came from China, as …more
For a copy of our full report and a free trial subscription, please contact us.
US Steel Lifting Sheet Prices – But Will They Stick?
New Report Preview:
According to trade press, this morning USS has quietly told customers of a pending $40/t price hike in flat-rolled, leading the industry’s first since July, after six straight …more
For a copy of our full report and a free trial subscription, please contact us.
October Scrap Prices Dive as Domestic Production Hits Two-Year Low
New Report Preview:
According to just-published data from American Metal Market (AMM), October prices for shredded scrap (obsolete) and #1 busheling (prime) scrap plunged….more
For a copy of our full report and a free trial subscription, please contact us.
