U.S. Raw Steel Output Steered by Southern Region

SEATTLE (Scrap Monster): The weekly domestic raw steel production data published by the American Iron and Steel Institute (AISI) signalled significant surge in output during the week ended June 26, 2021. The weekly production climbed higher significantly by 44.3% over the previous year.

The raw steel output by the U.S. mills totalled 1.835 million net tons (NT) at a capability utilization rate of 82.7%. The production had totalled only 1.272 million NT at a capacity utilization rate of 56.8% during the same period a year before. Meantime, the production during the week recorded marginal decline by 0.2% when compared with the production of 1.839 million NT at a capability utilization rate of 82.9% during the prior week.

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The adjusted year-to-date raw steel production totalled 45.054 million NT until the week ending June 26, 2021. The mills in the country reported capability utilization rate of 78.8% during this period. The production till date has increased by 15.2% from 39.109 million NT during the same period last year. The capability utilization rates were up from 67.8% a year before.

The mills in the Southern region accounted for approximately 43% of the total weekly raw steel production by the country. The regional output totalled 785,000 NT. The production (in thousand net tons) by the other regions was as follows: North East-136, Midwest-196, Great Lakes-645 and Western-73.