New Report Preview:
According to just-published data from American Metal Market (AMM), April prime and obsolete scrap prices fell 5.0% and 5.3%. The main drivers of declines were…more
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New Report Preview:
According to just-published data from American Metal Market (AMM), March prime scrap jumped $43 (or 11.3%) to $423/ton and obsolete scrap… more
For a copy of our full report and a free trial subscription, please contact us.
For the week ending March 2, 2013, weekly domestic raw steel production rose 0.8% to 1.857 million tons (mt) – the highest level since 9/1/12 when production was 1,864 tons.
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 77.5%, up from 76.9% last week and from the year-ago level of 80.4%.
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
For the week ending February 2, 2013, weekly domestic raw steel production fell 0.3% to 1.801 million tons (mt) – but is up 5.8% 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 75.2%, down from 75.4% last week and 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
