AISI: Great Lakes Raw Steel Output Soared

SEATTLE (Scrap Monster): The U.S. weekly raw steel output recorded marginal surge by 0.7% during the week ending on August 17^th, 2024, upon comparison with the corresponding week a year before. This is with reference to the most recent weekly domestic production statistics published by the American Iron and Steel Institute (AISI).

The U.S. weekly domestic raw steel output totalled 1.754 million net tons (NT). The domestic mill capability utilization rate stood at 79.0%. It must be noted that the production had totalled only 1.742 million NT at a significantly lower capacity utilization rate of 76.6% during the corresponding week a year before.

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Also, the weekly crude steel production recorded marginal increase by 1.1% when compared with the previous week. The production was 1.735 million NT during the week ended August 10, 2024, with a capability utilization rate of 78.1%.

The leading producer was the Southern region, with an output of 763,000 net tons. The production by Great Lakes region totalled 588,000 net tons during the week. The production by other regions (in thousand net tons) is as follows: North East-124, Midwest-218 and Western-61.

The adjusted year-to-date production totalled 55.910 million net tons through August 17, 2024, at a capacity utilization rate of 76.6%. This is down by 2.0% upon comparison with the production of 57.076 million net tons and the capacity utilization rate of 77.2% in the corresponding year-to-date period in 2023.