AISI: U.S. Raw Steel Output in Early-December Signals Persisting Weakness

SEATTLE (Scrap Monster): According to the American Iron and Steel Institute's (AISI) most recent weekly domestic production figures, U.S. weekly raw steel production decreased by 2.2% for the week ending December 7, 2024. This is upon comparison with the same week last year.

The United States produced 1.668 million net tons (NT) of domestic raw steel during the week. 75.1% of the domestic mill's capacity were being used. It is important to remember that last year, during the same week, output reached 1.705 million NT, with a little lower capacity utilization rate of 74.2%.

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Meanwhile, crude steel production rose by a modest 1.8% from the previous week. 1.638 million NT were generated over the previous week, which concluded on November 30, 2024, with a capability utilization rate of 73.8%.

The Southern region produced the most, with 702,000 net tons. The Great Lakes region produced 553,000 net tons during the week. Other regions' productions (in thousand net tons) are North East-120, Midwest-234, and Western-59.

With a capability utilization rate of 75.7%, the adjusted year-to-date output as of December 7, 2024, was 82.187 million net tons. Compared to the 84.127 million net tons of production and 76.0% capacity utilization rate noted during the same period in 2023, this indicates a 2.3% decline.