AISI Reported Surge in U.S. Raw Steel Output

SEATTLE (Scrap Monster): The U.S. weekly raw steel output recorded marginal increase by 2.7% during the week ending on July 13^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 1.735 million net tons (NT). The domestic mill capability utilization rate stood at 78.1%. It must be noted that the production had totalled only 1.689 million NT at a significantly lower capacity utilization rate of 74.3% during the corresponding week a year before.

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Also, the weekly crude steel production recorded marginal increase by 2.4% when compared with the previous week. The production was 1.695 million NT during the week ended July 6, 2024, with a capability utilization rate of 76.3%.

The leading producer was the Southern region, with an output of 737,000 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-132, Midwest-211 and Western-67.

The adjusted year-to-date production totalled 47.304 million net tons through July 13, 2024, at a capacity utilization rate of 76.5%. This is down by 2.5% upon comparison with the production of 48.502 million net tons and the capacity utilization rate of 77.3% in the corresponding year-to-date period in 2023.