AISI: U.S. Raw Steel Production Stumbled over the Week
The U.S. domestic raw steel output totalled 1.664 million net tons (NT) during the week.
SEATTLE (Scrap Monster): The U.S. weekly raw steel output recorded notable decline by 3.8% during the week ending on March 4, 2023, 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. domestic raw steel output totalled 1.664 million net tons (NT) during the week. The domestic mill capability utilization rate stood at 74.4%. It must be noted that the production had totalled 1.729 million NT at a higher capacity utilization rate of 79.6% during the corresponding week a year before. Also, the weekly crude steel production recorded marginal decline by 0.6% over the previous week. The production was 1.674 million NT during the week ended February 25, 2023.
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The leading producer was the Southern region, with an output of 717,000 net tons. The production by Great Lakes region totalled 533,000 net tons during the week. The production by other regions (in thousand net tons) is as follows: North East-143, Midwest-206 and Western-65.
The adjusted year-to-date production totalled 14.836 million net tons through March 4, 2023, at a capacity utilization rate of 73.7%. This is modestly lower by 5.4% upon comparison with the production of 15.683 million net tons and the capacity utilization rate of 80.2% in the corresponding year-to-date period in 2022.