AISI Declared Substantial Dip in U.S. Raw Steel Output

SEATTLE (Scrap Monster): The U.S. weekly raw steel output recorded significant decline by 4.10% during the week ending on February 24, 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 1.727 million net tons (NT). The domestic mill capability utilization rate stood at 77.8%. It must be noted that the production had totalled 1.800 million NT at a modestly higher capacity utilization rate of 80.5% during the corresponding week a year before.

ALSO READ:

AISI: U.S. Finished Steel Imports Surged in Early-2024

AISI Declared SIMA Imports Data for January 2024

On the contrary, the weekly crude steel production recorded marginal increase by 0.30% over the previous week. The production had totalled 1.721 million NT during the week ended February 17, 2024, with a capability utilization rate of 77.5%.

The leading producer was the Southern region, with an output of 775,000 net tons. The production by Great Lakes region totalled 556,000 net tons during the week. The production by other regions (in thousand net tons) is as follows: North East-132, Midwest-192 and Western-72   .

The adjusted year-to-date production totalled 13.384 million net tons through February 24, 2024, at a capacity utilization rate of 76.70%. This is down by 2.10% upon comparison with the production of 13.673 million net tons and the capacity utilization rate of 78.1% in the corresponding year-to-date period in 2023.