AISI Signals Notable Uptick in U.S. Raw Steel Output

SEATTLE (Scrap Monster): The weekly domestic raw steel production data published by the American Iron and Steel Institute (AISI) witnessed significant surge during the week ended May 8, 2021. The weekly production climbed higher significantly by 45.1% over the previous year.

The raw steel output by the U.S. mills totalled 1.774 million net tons (NT) at a capability utilization rate of 78.1%. The production had totalled only 1.223 million NT at a capacity utilization rate of 55.4% during the same period a year before. However, the production during the week recorded marginal decline by 0.8% when compared with the production of 1.788 million NT at a capability utilization rate of 78.7% during the prior week.

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The adjusted year-to-date raw steel production totalled 32.089 million NT until the week ending May 8, 2021. The mills in the country reported capability utilization rate of 77.4% during this period. The production till date has increased by 5.7% from 30.366 million NT during the same period last year. The capability utilization rates were up from 73.7% a year before.

The mills in the Southern region accounted for nearly 42% of the total weekly raw steel production by the country. The regional output totalled 753,000 NT. The production (in thousand net tons) by the other regions was as follows: North East-150, Midwest-180, Great Lakes-615 and Western-76.