| The David J. Joseph Company's | ||||||||||||
| STEEL AND SCRAP RECAP | ||||||||||||
| A monthly recap of the latest steel and scrap industry statistics | ||||||||||||
| Change | Change | |||||||||||
| Current | This | Last | From | Last | From | |||||||
| Month | Year | Year | Last Yr | Month | Last Mo | |||||||
| U.S. Steel Industry | ||||||||||||
| Raw Steel Production - 000's NT | Aug-01 | 8,525 | 9,213 | -7% | Jul-01 | 8,459 | 1% | |||||
| YTD | 68,621 | 77,827 | -12% | |||||||||
| Rate of Capability Utilization (1) | Aug-01 | 80.4 | 83.5 | -3.1 | pts | Jul-01 | 79.8 | 0.6 | pts | |||
| YTD | 81.0 | 89.7 | -8.7 | pts | ||||||||
| Electric Furnace % of Production | Aug-01 | 45.7 | 47.0 | -1.3 | pts | Jul-01 | 46.4 | -0.7 | pts | |||
| YTD | 46.7 | 46.4 | 0.3 | pts | ||||||||
| Continuous Casting % of Production | Aug-01 | 97.0 | 96.1 | 0.9 | pts | Jul-01 | 97.2 | -0.2 | pts | |||
| YTD | 96.9 | 96.1 | 0.8 | pts | ||||||||
| Mill Shipments - 000's NT | Jul-01 | 8,108 | 8,556 | -5% | Jun-01 | 8,691 | -7% | |||||
| YTD | 59,153 | 66,349 | -11% | |||||||||
| Steel Imports - 000's NT | Jul-01 | 2,554 | 3,539 | -28% | Jun-01 | 2,519 | 1% | |||||
| YTD | 16,875 | 23,831 | -29% | |||||||||
| Steel Exports - 000's NT | Jul-01 | 466 | 508 | -8% | Jun-01 | 500 | -7% | |||||
| YTD | 3,591 | 3,813 | -6% | |||||||||
| Steel Orders - # weeks leadtime | Aug-01 | 3.4 | 2.7 | 26% | Jul-01 | 3.2 | 6% | |||||
| World Steel/Scrap Industry | ||||||||||||
| World Steel Production - 000's NT | Aug-01 | p | 74,758 | 74,650 | 0% | Jul-01 | 75,951 | -2% | ||||
| YTD | p | 608,261 | 608,997 | 0% | ||||||||
| Rotterdam Export, Shredded - $/Tonne fob (2) | Sep-01 | $93.50 | $87.50 | 6.00 | Aug-01 | $82.50 | 11.00 | |||||
| Rotterdam Export, HMS 1&2 - $/Tonne fob (2) | Sep-01 | $83.00 | $70.50 | 12.50 | Aug-01 | $72.50 | 10.50 | |||||
| Korean Import, HMS 1 - $/Tonne c&f | Sep-01 | $107.00 | $114.50 | (7.50) | Aug-01 | $105.00 | 2.00 | |||||
| U.S. Scrap Industry | ||||||||||||
| AMM #1HM Composite(3) - $ GT | Sep-01 | $79.83 | $92.00 | (12.17) | Aug-01 | $80.00 | (0.17) | |||||
| AMM Shredded Composite(4) - $ GT | Sep-01 | $91.20 | $102.40 | (11.20) | Aug-01 | $91.30 | (0.10) | |||||
| AMM Factory Bundle Composite (5) - $ GT | Sep-01 | $117.50 | $110.50 | 7.00 | Aug-01 | $116.50 | 1.00 | |||||
| Mill Scrap Purchases - 000's NT | Jun-01 | 4,123 | 4,134 | 0% | May-01 | 4,012 | 3% | |||||
| YTD | 23,865 | 24,747 | -4% | |||||||||
| Scrap Imports - 000's NT | Jul-01 | 153 | 225 | -32% | Jun-01 | 268 | -43% | |||||
| YTD | 1,865 | 2,617 | -29% | |||||||||
| Pig Iron Imports - 000's NT | Jul-01 | 332 | 533 | -38% | Jun-01 | 334 | -1% | |||||
| YTD | 2,637 | 3,323 | -21% | |||||||||
| DRI/HBI Imports - 000's NT | Jul-01 | 282 | 129 | 119% | Jun-01 | 135 | 109% | |||||
| YTD | 1,052 | 965 | 9% | |||||||||
| Scrap Exports - 000's NT | Jun-01 | p | 489 | 651 | -25% | May-01 | 671 | -27% | ||||
| YTD | p | 3,543 | 3,443 | 3% | ||||||||
| U.S. Economy - General | ||||||||||||
| Leading Indicators Index | Aug-01 | -0.3% | -0.1% | -0.2 | pts | Jul-01 | 0.4% | -0.7 | pts | |||
| p - preliminary | ||||||||||||
| (1) 2001 U.S. steel industry utilization based on capacity of 127,100,000 NT per year. | ||||||||||||
| (2) Metal Bulletin, first Thursday of month, midpoint pricing. | ||||||||||||
| (3) First effective week, 3-city (PT/PH/CH), minimum 3 working days, midpoint pricing. | ||||||||||||
| (4) First effective week, 5-city (BR/CH/HO/PH/PT), minimum 3 working days, midpoint pricing. | ||||||||||||
| (5) Weighted results from several prompt industrial scrap producers. | ||||||||||||
| Sources: AISI, Purchasing Magazine, IISI, Metal Bulletin, American Metal Market, U.S. Dept. of Interior-Geological Survey, | ||||||||||||
| U.S. Dept. of Commerce-Bureau of Census, The Conference Board. | ||||||||||||
| Prepared September 27, 2001 | ||||||||||||