US crude steel production slides 3.9% over week

US crude steel output totaled 1,756,000 net tons last week, down 3.9% from 1,827,000 tons the previous week, according to the American Iron and Steel Institute based in Washington.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

Mills operated at an average capability utilisation rate of 72.6%.

In the corresponding week a year earlier, mills produced 1,902,000 tons at an average utilisation rate of 76.9%.

The capability utilisation figures for 2013 reflect a change in the overall capacity of the market due to “the closure of several steelmaking facilities in 2012, new facilities coming online and improvements made to existing facilities to increase their capability,” AISI said.

What to read next
A new US initiative to establish a stockpile of critical minerals for the civilian economy could add pressure to already stretched supply, market participants told Fastmarkets on Tuesday February 3 and Wednesday February 4.
Fastmarkets launches MB-STE-0951 Steel hot-rolled coil index, fob mill Canada on Thursday February 5.
The proposal to increase the publication frequency from monthly to weekly comes amid increased volatility of copper on the London Metal Exchange, while copper scrap discounts have been shifting on a more regular basis. This more frequent assessment will enable Fastmarkets to reflect market dynamics in a timelier manner, as well as capture more spot […]
Fastmarkets has corrected its assessments for Shanghai bonded nickel stocks on January 30.
Fastmarkets is inviting feedback from the industry on the counterparty weighting in the copper concentrates treatment and refining charge (TC/RC) index, as well as observed shifts in spot market activity and the impact of byproduct credits on pricing dynamics.
The publication of Fastmarkets’ MB-SB-0003 Antimony MMTA standard grade II, ddp China, yuan/tonne price assessment for Friday February 30 was delayed because of a reporter error.