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Steel News August 08, 2023 03:45:58 PM

AISI: U.S. Raw Steel Output Surged

Paul Ploumis
ScrapMonster Author
The leading producer was the Southern region, with an output of 752,000 net tons.
AISI: U.S. Raw Steel Output Surged

SEATTLE (Scrap Monster): The U.S. weekly raw steel output recorded marginal increase by 0.4% during the week ending on August 5, 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. weekly domestic raw steel output totalled 1.727 million net tons (NT). The domestic mill capability utilization rate stood at 75.9%. It must be noted that the production had totalled only 1.720 million NT at a higher capacity utilization rate of 78.0% during the corresponding week a year before. On the contrary, the weekly crude steel production recorded marginal decline by 1.3% over the previous week. The production was 1.749 million NT during the week ended July 29, 2023.

The leading producer was the Southern region, with an output of 752,000 net tons. The production by Great Lakes region totalled 549,000 net tons during the week. The production by other regions (in thousand net tons) is as follows: North East-133, Midwest-225 and Western-68.

The adjusted year-to-date production totalled 52.870 million net tons through August 5, 2023, at a capacity utilization rate of 75.9%. This is modestly down by 2.2% upon comparison with the production of 54.082 million net tons and the capacity utilization rate of 79.9% in the corresponding year-to-date period in 2022.

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