U.S. Steel Mill Capability Utilization Edged Up

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 December 11, 2021. The weekly production climbed higher significantly by 12.8% over the previous year.

The raw steel output by the U.S. mills totalled 1.818 million net tons (NT) at a capability utilization rate of 82.4%. The production had totalled only 1.612 million NT at a capacity utilization rate of 72.9% during the same period a year before. Meantime, the production during the week recorded marginal increase by 0.6% when compared with the production of 1.807 million NT at a capability utilization rate of 81.9% during the prior week.

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The adjusted year-to-date raw steel production totalled 89.899 million NT until the week ending December 11, 2021. The mills in the country reported capability utilization rate of 81.6% during this period. The production till date has increased by 19.4% from 75.281 million NT during the same period last year. The capability utilization rates too were up from 68.1% a year before.

The mills in the Southern region accounted for approximately 41% of the total weekly raw steel production by the country. The regional output totalled 744,000 NT. The production (in thousand net tons) by the other regions was as follows: North East-169, Midwest-206, Great Lakes-621 and Western-78.