[Ferro-Alloys.com] On August 9, the American Iron and Steel Institute (AISI) reported that for the month of June 2019, U.S. steel mills shipped 7,718,499 net tons, a 5.2 percent decrease from the 8,142,270 net tons shipped in the previous month, May 2019, and a 3.4 percent decrease from the 7,988,026 net tons shipped in June 2018. Shipments year-to-date in 2019 are 48,223,245 net tons, a 1.9 percent increase vs. 2018 shipments of 47,304,057 net tons for six months.

In the week ending on August 10, 2019, US domestic raw steel production was 1,867,000 net tons while the capability utilization rate was 80.2 percent. Production was 1,861,000 net tons in the week ending August 10, 2018 while the capability utilization then was 79.4 percent.

Iron ore has gone from high-flier to sinking star in a matter of weeks. The commodity that lit up the first half with a stunning rally dropped back below $100 a ton as supplies pick up, mills’profitability falls and investors dump raw materials.

The Chinese ferro-silicon market softened over the past week in line with weaker demand, in turn fueling expectations of further price weakness in the near term.

Click here for more information: Ferrosilicon Daily Express 8.15

• [Editor:kangmingfei]